China is Dedollarizing, China Launches $1.2 Trillion Digital Yuan System, Bypasses Western SWIFT
Source: Dinar Recaps
Lena Petrova: 4-8-2025
Recent developments suggest China is making a concerted effort to lessen its reliance on the US dollar, and a key piece of this strategy is the rollout of its digital Yuan system.
With a reported $1.2 trillion investment, this sophisticated platform aims to offer an alternative to the Western-dominated SWIFT financial messaging system, potentially reshaping the global financial landscape.
For years, the dominance of the US dollar in international trade and finance has been a subject of debate. China, the worlds second-largest economy, has long expressed concerns about the potential vulnerabilities and geopolitical leverage that such a system affords the United States.
The digital Yuan represents a significant step towards creating a parallel financial infrastructure that could, over time, challenge the dollars hegemony.
Read more: https://dinarrecaps.com/our-blog/china-is-dedollarizing-china-launches-12-trillion-digital-yuan-system-bypasses-western-swift
Another link: https://trendsnewsline.com/2025/04/07/chinas-digital-rmb-launches-global-payment-network-bypassing-swift/

Irish_Dem
(68,195 posts)Bernardo de La Paz
(54,741 posts)NoMoreRepugs
(11,209 posts)Scrivener7
(55,358 posts)dweller
(26,399 posts)The highest US dollar to Chinese yuan rmb rate was on April 10, 2025 when 1 US dollar was worth 7.3463 Chinese yuan rmb.
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questionseverything
(10,708 posts)Losing that power is something we will never get back, Im afraid
Eugene
(64,424 posts)Trump is playing chicken with someone ready for a smashup.
Tarzanrock
(701 posts)This is not good news at all. China is not going to "surrender" to the Turd. The Turd's "trade wars" are going to get a whole lot bloodier. The American people are going to pay a terrible and horrible financial cost for electing this insane criminal moron. This is, by far, the most colossal economic fuck-up and a unilateral self-inflicted economic fuck-up in my lifetime! I'm guessing that the "ramifications" of this self-inflicted economic fuck-up will last a generation or two generations.
Festivito
(13,690 posts)The new 3rd world country look.
slightlv
(5,393 posts)I think he's got us on the fast-track for 3rd rate country status. In many ways, we're already operating like one!