The global financial system is undergoing a massive transformation. In a historic shift, the Chinese yuan has surpassed the US dollar in global payments by 2.5%. This milestone highlights China’s strategic efforts, supported by its BRICS allies, to reduce reliance on the US dollar. Countries like Russia and India are leading this de-dollarization, with the yuan becoming a preferred currency for trade and financial transactions. The future of international finance could be shaped by China's growing economic influence, challenging decades of dollar dominance.
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