Why are there more countries trading in currencies other than the dollar now?
The Bridge to China
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The Rise of the RMB
The RMB is on par with the US dollars when it comes to international usage. If you take away Swift from the equation and you don't use their data, there has been about 23% drop since from 2000 to 2019 in the use of the dollar. So Swift doesn't account for all international transactions. Not all countries use Swift for international transactions.
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