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This week, de-dollarization has been a hot topic and some exciting news has come out. Firstly, on March 29th, the Brazilian government announced an agreement with China, where both countries can now use their local currencies for trade clearing, instead of being forced to use the US dollar as an intermediary currency. Secondly, China National Offshore Oil and France’s Total Energy completed the first RMB settlement transaction for liquefied natural gas. Lastly, ASEAN countries have begun discussing reducing their dependence on the US dollar for financial transactions, and instead shifting towards using their own regional currencies for settlements. These three events sound the alarm for the decline of dollar hegemony. These also reflect the current intense global geopolitical game, which is beginning to affect the decisions of countries worldwide, and there are many messages to ponder. 💯TOP 3 Video Swiss Sells $36.4 billion U.S. Treasuries ▶ Africa Rejects US’ Blank Check ▶ China to Accelerate Dumping of Up to $800bn U.S. Debt ▶ ━━━━━━━━━━━━━━━━━━━━━ ✅ COPYRIGHT DISCLAIMER Asian Quicktake Doesn’t Fully Own Some of the Materials Compiled in Its Videos. It Belongs to People or Organizations Who Ought to Be Respected. If Used, It Falls Under the Following Provisions: Copyright Disclaimer Section 107 of the Copyright Act 1976. “Fair Use“ is Allowed for Purposes Such As Criticism, Comment, News Reporting, Teaching, Scholarships, and Research. ━━━━━━━━━━━━━━━━━━━━━ ✅ If You Are the Owner of the Materials Used in This Video, Let us Know in the Comments or Send a Email to me. We Will Follow Your Request Immediately. ━━━━━━━━━━━━━━━━━━━━━ ✅ FINANCIAL DISCLAIMER This Channel’s Content Should Not Be Interpreted or Construed As Financial Advice. We Are Not, and Do Not Claim to Be, an Attorney, Accountant, or Financial Advisor. This Channel’s Content is Not a Substitute for Financial Advice and is Solely for Entertainment Purposes.
