9
submitted 1 year ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml
you are viewing a single comment's thread
view the rest of the comments
[-] yogthos@lemmy.ml -1 points 1 year ago

As the article explains, the purpose of using Yuan is to replace the use of USD:

In Latin America and the Caribbean, the use of the yuan is growing especially “in those countries that are looking to establish stronger ties with China, that view themselves as in some way politically aligned on this particular objective on decreasing their overall reliance on the dollar and on the U.S. in general,” said Margaret Myers, director of the Asia & Latin America Program at the Washington-based Inter-American Dialogue.

this post was submitted on 29 Jul 2023
9 points (56.2% liked)

World News

32303 readers
405 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS