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Russia Feed — New Russian Yuan-backed bond poses threat to US dollar hegemony

Summary:
The two BRICS powers Russia and China are moving towards dethroning the greenback as global reserve currency. The Global South is moving away from the US dollar to the Chinese yuan owing to US politicization of global finance. Russia FeedNew Russian Yuan-backed bond poses threat to US dollar hegemony

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The two BRICS powers Russia and China are moving towards dethroning the greenback as global reserve currency.
The Global South is moving away from the US dollar to the Chinese yuan owing to US politicization of global finance.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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