ICYMI - Russia and China are partnering to reduce their dependence on the US dollar

Author: Eamonn Sheridan | Category: News

During Q1 2020 the dollar's share of trade between Russia and China fell below 50% for the first time ever

Data via from Russia's Central Bank and Federal Customs Service, reported in the Nikkei overnight.
  • USD used for 46% of settlements between the two countries
  • Use of the euro hit an all-time high of 30%

Link here for more.
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Bilateral trade between the two countries has moved to use the US dollar less and less. 

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