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الاقتصادية
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Source: الاقتصادية
1 Dayالاقتصادية
Source: الاقتصادية
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Russia’s efforts to replace the dollar with the yuan have faltered after US secondary sanctions prompted Chinese banks to scale back their dealings with Russia. The yuan’s share of payments for Russian exports fell to 22% this year, while 69% of Russia’s exports to Asia are now settled in rubles. Turning to intermediaries and alternative payment routes has brought delays and higher costs, with cross-border payments with China now costing 15% to 20% of a transaction’s value. The yuan has slipped to fifth place in international payments, reflecting the fading momentum that sanctions had lent to efforts to internationalize it.
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