China ’counters US dollar hegemony’ with gold reserves, yuan currency swap deals

China is advancing the global movement toward de-dollarization. Beijing’s central bank is boosting its gold reserves while signing currency swap deals in yuan with countries like Argentina, encouraging the use of renminbi instead of US dollars. Sources and more information here: Russia dropping US dollar for Chinese yuan – and fast: IMF admits US dollar hegemony declining, due to rise of Chinese yuan, sanctions on Russia: How Argentina has been trapped in neocolonial debt for 200 years: An economic history: || Geopolitical Economy Report || Please consider supporting us at Patreon: