Deepin Moments
May 2, 2023
With the development of the global economy and changes in international political relations, the wave of “de-dollarization” worldwide is attracting continuous attention. According to the US “Business Insider” website, American entrepreneur Elon Musk once again expressed his views on the phenomenon of “de-dollarization” on Twitter on the 25th. He said that if a currency is “weaponized” enough times, other countries will stop using it.
According to the latest international capital flow report released by the US Treasury Department, in February, more than 20 countries around the world sold their US Treasury bonds. At least half of these countries are US allies. For example, Japan sold $22.6 billion of US Treasury bonds in February, the UK sold $25.3 billion, Canada sold $18.8 billion, Germany sold $4.1 billion, Australia sold $3.7 billion, and so on.
China has signed mechanisms for using the yuan to settle oil and gas transactions with countries such as Brazil and Saudi Arabia. ASEAN member countries have also begun accepting yuan settlement and plan to create their own settlement system independent of the US dollar. France has also signed a mechanism for using the yuan to settle oil and gas transactions with China, which is a noteworthy signal. France is not only a member of the European Union but also a member of NATO, but it has also begun to betray the United States.
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © Dinar Chronicles
