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Russia Turns to China’s Yuan in Effort to Ditch the Dollar

US dollars (USD) and Chinese yuan (CNY rmb) side by side
February 28, 2023

Eswar Prasad, SAP/Einaudi

Eswar Prasad, professor of economics and international trade policy, says that it will take a while to build the financial infrastructure to sidestep the dollar-based financial system that has been built up over decades. 

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