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6 sats \ 1 reply \ @0xbitcoiner OP 7 Jun \ parent \ on: Renminbi just beat the euro in world trade for the first time charts_and_maps econ
Note also that a lot of global trade is now done settled in Yuan and its not going via SWIFT but via CIPS or mBridge.

Any charts?

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6 sats \ 0 replies \ @Solomonsatoshi 7 Jun

Good question.
The complete data would be held by China.
You think they would share it fully since a good part of it is trade with US sanctioned trade partners and others like Saudis and Gulf States where Yuan settlement is politically sensitive?
There have been various charts published if you search but are they complete data?
What is known is that more countries are settling direct with China since China built CIPS and mBridge as viable payments routing alternatives to SWIFT.

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