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Central Banks Warn Trillion-Dollar Debt Hits US Dollar, Reveals Plans To Increase Chinese Yuan Holdings

Central banks around the world no longer look at the US dollar with the same certainty as they did years ago, according to new research. Institutional asset manager Invesco surveyed 57 central banks and found that they are concerned about the US’s behavior on the geopolitical landscape, as well as its rising debt levels, which…

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Argentina allows banks to open yuan accounts: Economist says it could boost Chinese currency as safe alternative to US dollar

Argentina’s central bank has officially included the Chinese yuan as a recognized currency for making deposits into bank accounts. “Opening yuan accounts could entice more people and businesses to exchange Argentine pesos for yuan, more or less as a ‘safe haven’ currency, rather than exchanging all their local currencies for US dollars,” explained one economist….