US Dollar faces a worst blow
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Announcement of ending the use of the dollar in trade between China and Brazil; trade will now be conducted in national currencies. According to the details, the Chinese bank has issued a statement stating that the first transaction in national currencies between China and Brazil has been completed.
China and Brazil, both members of the BRICS organization, share the important goal of eliminating the use of the dollar in their mutual trade. According to the report, China has purchased 43 batches of yuan and converted them into Brazilian real, which are being used in the port of Qingdao.
As a result, trade transactions between the two countries are now being conducted in national currencies.
It should be noted that the Russian banker Andrei Kostin, one of the most powerful, has predicted that the dollar's hegemony is soon coming to an end because the value of the Chinese currency, the yuan, is increasing.
