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China launches digital Renminbi – over $1.2T transactions bypass SWIFT !

Has China stolen a march over the mighty United States in the currency war? According to many reports, the Digital Renminbi (RMB) based transactions have been more than $1.2 Trillion worth of USD! How did this happen? Is the SWIFT system going, going, gone?

Source: PGurus, Mar 29, 2025. https://youtu.be/QAI86QQgRkg

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cen25