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Yuan Strategy Marks Major Turning Point in BRICS De-Dollarization Push

Yuan Strategy Marks Major Turning Point in BRICS De-Dollarization Push

Author:

Global Cryptocurrency

Published:

2025-11-28 11:14:01

28

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BTCCSquare news:

Indonesia's central bank has launched yuan-centered foreign exchange operations, accelerating the BRICS alliance's de-dollarization agenda. Monthly local currency transactions between Indonesia and China now approach $1 billion, straining existing settlement channels.

The MOVE signals a strategic pivot toward yuan-based trade frameworks among emerging economies. Bank Indonesia is developing new rupiah-yuan instruments to reduce reliance on dollar-denominated systems and mitigate FX volatility risks.

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