Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

kundalinisnake

(9 posts)
Fri Apr 11, 2025, 02:40 PM Apr 11

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 world’s 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 dollar’s 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/
11 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

Bernardo de La Paz

(54,741 posts)
5. tRump wants Dollar to decline to reduce interest rates to reduce federal debt payments to give oligarchs tax cuts. . nt
Fri Apr 11, 2025, 03:05 PM
Apr 11

dweller

(26,399 posts)
3. Hmmm
Fri Apr 11, 2025, 02:52 PM
Apr 11

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.


✌🏻

questionseverything

(10,708 posts)
4. The dollar being the world's go to currency is what gave us our power
Fri Apr 11, 2025, 02:55 PM
Apr 11

Losing that power is something we will never get back, I’m afraid

Eugene

(64,424 posts)
6. I see your tariffs threat and raise you one nuclear option.
Fri Apr 11, 2025, 03:06 PM
Apr 11

Trump is playing chicken with someone ready for a smashup.

Tarzanrock

(701 posts)
7. Like playing "chicken" with your car and a speeding railroad freight train.
Fri Apr 11, 2025, 03:19 PM
Apr 11

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)
8. Slowly we become a 3rd world country. Crumbling roads, slow travel, limited information.
Fri Apr 11, 2025, 03:51 PM
Apr 11

The new 3rd world country look.

slightlv

(5,393 posts)
11. It's only been around 70 days so far, right?
Fri Apr 11, 2025, 05:48 PM
Apr 11

I think he's got us on the fast-track for 3rd rate country status. In many ways, we're already operating like one!

Latest Discussions»Latest Breaking News»China is Dedollarizing, C...