China’s yuan replaces US dollar as ‘primary’ currency for Russia’s foreign trade

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China’s yuan replaces US dollar as ‘primary’ currency for Russia’s foreign trade

www.scmp.com

@Rapidcreek to

World NewsEnglish • 1 year ago

Russian central bank governor Elvira Nabiullina says the yuan’s share in Russia’s exports has increased from 0.4 to 34.5 per cent, replacing the US dollar and euro as its ‘primary’ currency for foreign economic activity.

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@platypus_plumba
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1•1 year ago
Why would they need to fully replace their local currency to trade with another currency?

Is this something all countries that trade with dollars have done?

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