De-dollarization tipping point as multipolar finance takes hold

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On November 4, Russia’s Finance Minister Anton Siluanov stated that almost all trade between Russia and China (99.1% to be exact) now happens outside the Western financial system in only rubles and yuan. This wasn’t just another number but a quiet, if not clear, signal that the age of the US dollar dominating everything is winding down. […]The post De-dollarization tipping point as multipolar finance takes hold appeared first on Asia Times.