As the world’s second-largest economy by nominal GDP, China has actively sought to conduct international trade with its commercial partners using its own currency rather than the United States dollar
For the unaware, Egypt is chronically short on foreign currency, which is probably part of why they’re willing to do this even though America probably won’t like it.
For the unaware, Egypt is chronically short on foreign currency, which is probably part of why they’re willing to do this even though America probably won’t like it.