Which Country for the first time decide to use Yuan instead of dollars from its foreign reserves.
Correct answer: C. Russia
- A. China
- B. Pakistan
- C. Russia
- D. North Korea
Explanation
Russia began relying on the Chinese yuan as part of its foreign-exchange reserves after Western sanctions restricted access to dollar and euro assets. This made the yuan especially important in Russia’s reserve strategy.
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About Global Economy
Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.
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