It's the latest fashion these days: dump the dollar.
It seems everyone is dumping the dollar and is turning to China.
And who started this fashion?
The City of London in 2012 when it began its Renminbi Initiative which successfully concluded in 2015. President Xi then came to the UK to toast this success with Queen Elizabeth II.
The following year the UK voted to leave the EU after lies and broken campaign finance laws.
And now the UK has joined a trade pact on t'other side of the world, the CPTPP, which China will soon join having applied to join a few months after the UK applied.
Now Malaysia is dumping the dollar and wants China to start an Asian Monetary Fund.
See : China, Malaysia to discuss Asian Monetary Fund to reduce dependence on US dollar
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