De-Dollarisation: Argentina to Pay China in Yuan

De-Dollarisation: Argentina to Pay China in Yuan | Vantage With Palki Sharma
The domination of the US Dollar is being challenged again. Argentina will pay for Chinese imports in Yuan. Does the Chinese currency pose a real threat to the greenback? Palki Sharma tells you. ​

De-Dollarisation | Yuan | Joe Biden | USA | China | Argentina | Brazil | Chinese Debt Trap | World News | International News | Latest News | Trending News

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[sorennilsson]

The problem is that India is still a small economy compared with the USA, EU and China. However there is hope of fast growth of the indian economy.

[minmaungmaung]

Even the Indian companies in India have to buy Russian oil from Russia with the Chinese Yuan as the Russians do not accept Indian Rupees. 1 Yuan = ? Rupees? 😁

[stevetrinh]

Russia will not accept rupees from India for oils. Russia wants gold for oils or yuan.

[nostromo.]

The problem is that Argentina has no money. No Dollars or Rupees

[spikermike]

Lol, only 18 countries out of 200, and only when they need to buy from India - what do they buy? Curry powder?

[Move-stop]

The biggest trading partners to use their own currencies. That made sense. Why stopover when there is direct flight?

[francofernandezotero]

As an argentinian i can tell you, no argentinian has ever thought about the yuan as a replacement for the dollar, the only reason they decided to use yuans is to lessen the pressure on the usd

[фредерикмиз]

China has not declared war on anything!!
China, Brazil, Russia, South Africa, India are developing a common trade currency,
This will be addressed in South Africa, August G20
The world is fed up with Gangster Amerika!!
Let's go Brics+🇨🇳🇷🇺Saudi Arabia and UAE plus all Members 👍

[florlubnan]

They will never be able to replace the Dollar - despite the problems in US economy. Ridiculous attempt.

[gbotouklah]

Now you see what am talking about, every country wants their currency upgraded so for this reason the center will not hold.

[alvanalvino]

The USA financial system must be in a melt down mode trying to figure out a way out of this. Every day for the bully. One day for the United underdogs to take down the bully. The dollar is going to nose dive in the future if this continues.

[Siclone]

Here is what I think... Eventually all paper money will not exist... What will exist is either one commodity backed digital currency that all nations will use or each individual nation will have their own commodity backed digital currency... The green back along with other paper money will eventually become worthless through hyperinflation and interest rate hikes.

[goneviral]

World will not believe in Yuan, people will actually start using cryptocurrency before they use Yuan. Cryptocurrency is the best solution since every paper money is pretty much printed on baseless reasons. Every country wants to power their currency but people want decentralized money

[shekharkulkarni]

Why she is constantly baseless talking against China

[pixsilvb]

And how are they going to pay to everything American made (that they have been attracted and addicted for so long)… iPhones, Computers, Netflix, Levis, Hollywood Movies, McDonalds, Viagras, Teslas, Nikes, Rock Music, Hiltons, Visas, Mastercards, American Express, Corn Flakes, Coca Colas, Boeings, Calvin Kleins, Tabasco Sauces, Starbucks Cafes, Amazon Primes, Ubers, Photoshop, DHLs, American Airlines, Taco Bells, Ford Cars, Intel Chips, and Monopoly Games ?? 🤷‍♀️

[joem]

Palki, total volume of Indian foreign Rupee invoicing is less than 1/10 of Chinese foreign RMB invoicing.

[Flyinghigh]

China, China,
India will be a superpower in coming decades. Goodluck and "Goodnight"!
(From an ordinary Chinese)

[DavidWestwater-vqqy]

The Argentinian economy doesn't use its own currency it functions with the American they just haven't made it official and the next presidential candidate who's in the league is going to make it official

[anthonyk]

It’s alot easier for Brazil and Argentina to get the Yuan than the dollar which is still in high demand. Brazil’s economy is slowing down and Argentina is still a developing country so to say the yuan is a challenge to the dollar is like comparing a torch to the sun. The rupee is FAR from a challenge to the dollar…even further than the yuan. The dollar is still by far the dominate currency and will be for awhile.

[arungore]

Argentina is having double digit inflation, it is a failed state. Like Pakistan, Argentina has no US $