珍珠湾

岳东晓

Zhen Zhu Wan Online Community Club of Elite Chinese

Zhen Zhu Wan Online Community Club of Elite Chinese


why would China want to buy back RMB using dollar
Replying to: Re: China-Australia yuan-based iron ores settlements started last year. -- Khan Post ReplyForum


swoosh

06/14/2023, 02:18:20




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it is good if Australia want to accept yuan and hold it. Why do we want them to exchange it for dollar again? that will only incur unnecessary cost and again, perpetuate dollar dominance. Using dollars to buy stuffs from the US is good way to reduce the dollar holding, but it also help propel the US economy, so again, catch 22. No easy way to get out of dollar shadow.






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