Egypt and China’ new trade deal is a massive blow for Trump and the U.S dollar’s dominance
[Zambian Observer - Zambia] - 13/07/2025
Egypt and China signed three Memoranda of Understanding (MoUs) to promote trade in local currencies, bypassing the U.S. dollar. These agreements, signed at the Central Bank of Egypt’s headquarters, aim to deepen financial cooperation and reduce reliance on dollar-based channels. The first MoU, (…)
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