As the government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the renminbi.
How the U.S. Is Trying to Ensure the Dollar’s Dominance During Economic Turmoil
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Bank of China, Bessent, Scott, China, Embargoes and Sanctions, Exchange Stabilization Fund (United States Treasury), Federal Reserve System, Iran, Renminbi (Currency), Strait of Hormuz, Treasury Department, Trump, Donald J, United Arab Emirates, United States, United States Economy, United States International Relations, US and Israeli Attack on Iran (2026), US Dollar (Currency)