China's push for RMB internationalization
Sinica Podcast
00:00
Internationalization of the Dollar
Long before February 24th 2022 Beijing has been pushing for R&B internationalization. Over the last however many years it has been a goal of a lot of other smaller countries in the region as well. Most foreign nations most first trading companies and financial institutions are willing to do that in the dollar, Dini says. The costs involved in using those currencies are relatively low I mean that's the great thing about the dollar she adds.
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