Nevertheless, China has made the internationalization of the yuan a top priority. And countries like Russia, India and Saudi Arabia have tried to incorporate non-dollar payments into their financial systems to reduce their dependence on the US. urgency among those countries, according to some strategists.


This post Saudi move to Yuan seen as symbolic, not a real threat to the dollar was original published at “https://www.bloombergquint.com/markets/saudi-switch-to-yuan-seen-as-symbolic-not-true-threat-to-dollar”

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