While the discourse around de-dollarization gains momentum, particularly with the strategic expansion of BRICS, the U.S. dollar’s preeminence remains largely unchallenged.
President Macron’s recent state visit to China resulted in rare yuan-denominated deals. Does that signal French support for renminbi internationalization?
Russia’s increasing use of the RMB and connectivity with China’s international payment system will struggle to mitigate the fallout of international sanctions.