Shadow of Ezra
@ShadowofEzra
China’s central bank has instructed major state-owned banks to cut back on U.S. dollar purchases, signaling a shift in strategy.
This move comes as the U.S. dollar hits its strongest point against the yuan since 2007.
As one of the world’s largest holders of foreign reserves, China aims to reduce global demand for the dollar, hoping other nations follow suit or that it can diversify into other currencies.
China will not tolerate a sharp decline in the yuan.
The real economic war is about to begin.
China’s central bank has instructed major state-owned banks to cut back on U.S. dollar purchases, signaling a shift in strategy.
— Shadow of Ezra (@ShadowofEzra) April 9, 2025
This move comes as the U.S. dollar hits its strongest point against the yuan since 2007.
As one of the world's largest holders of foreign reserves,… pic.twitter.com/kjvWYnpDks
Source(s):
https://x.com/ShadowofEzra/status/1909978484178378850
______________________________________________________
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
Advertisement
______________________________________________________
