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Deepin Moments: Full Liquidation of the Dollar, Argentina Launches RMB Settlement Mechanism

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Deepin Moments
Nov 15, 2022

Since the outbreak of the Russia-Ukraine conflict, in order to solve the high inflation rate in the United States, the Federal Reserve has raised interest rates one after another to harvest global wealth, which also led to many countries affected and thus fell into an inflationary crisis. With the U.S. debt, coupled with the U.S. economy showed obvious signs of recession, finally following Russia, Iran, Egypt, India after another country to join the ranks of “de-dollarization”. According to reports, on November 8, local time, Argentina officially launched the RMB clearing bank service. This also means that China and Argentina can skip the dollar and use the yuan directly when settling trade in the future. This is also seen by the media as a clear signal of Argentina’s “de-dollarization”.

https://www.youtube.com/watch?v=Btbxu_-Ed7Q

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