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☆ Yσɠƚԋσʂ ☆@lemmy.ml to Economics@lemmy.mlEnglish · 2 months ago

Dollar Desertion: China's CIPS Beats SWIFT

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Dollar Desertion: China's CIPS Beats SWIFT

substack.com

☆ Yσɠƚԋσʂ ☆@lemmy.ml to Economics@lemmy.mlEnglish · 2 months ago
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Traders flee SWIFT and the dollar for CIPS and the renminbi.
  • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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    1 month ago

    seems like at least some banks in US are connected to it, so that would mean a yes on that https://statrys.com/blog/what-is-cips-china

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