Argentina's use of Chinese yuan is soaring as dollars run short, and a top US manufacturer may join the trend - eviltoast
  • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
    link
    fedilink
    English
    arrow-up
    9
    arrow-down
    9
    ·
    1 year ago

    The reality is that US raising rates creates problems for countries like Argentina which makes repaying their foreign debt more expensive. In the end it, the drive for dedollarization is that it provides countries with a way out of the exploitative credit system US created via IMF and the dollar hegemony.