“Can China Free Africa from Dependency on the Mighty Dollar?”

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Somalilandsun – Only 3 to 5 percent of all global foreign exchange transactions are now in China’s RMB and about 75 percent are in dollars.  The RMB will become a much more important currency in trade and foreign reserves.  While Chinese currency swaps will help African and other countries reduce their dependencies on the dollar argues ISS Coinsultant Peter Fabricius they will not end them. Continue reading “Can China Free Africa from Dependency on the Mighty Dollar?”

 

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