Russian central bank governor Elvira Nabiullina says the yuan’s share in Russia’s exports has increased from 0.4 to 34.5 per cent, replacing the US dollar and euro as its ‘primary’ currency for foreign economic activity.
  • platypus_plumba@lemmy.worldEnglish
    22·
    11 months ago

    Why would they need to fully replace their local currency to trade with another currency?

    Is this something all countries that trade with dollars have done?