With global economic centers shifting East, diversifying currency baskets is becoming necessary, a Sichuan University professor says Many nations are abandoning the US dollar because it is increasingly being used as a tool to “usurp” financial relations, Sichuan University Professor Huang Yunsong said on Friday. He made the remarks at the Eastern Economic Forum (EEF) in Vladivostok, Russia in a panel discussion on economic cooperation between Russia, India, and China. The global trend towards using national currencies in trade has gained momentum amid unprecedented economic sanctions against Russia introduced by t
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