RMB settlement sweeping global cross-border trade. Is it replacing the US dollar?
Nowadays, economic and trade worldwide are closely related. With a globally integrated economic system, the common currency is indispensable. The US dollar has always been the currency in circulation in cross-border trade. The People's Bank of China recently released news about the RMB Internationalization Report 2020. By the end of 2019, the RMB reserves reached US$217.67...