The UAE is considering moving away from the US dollar to the Chinese yuan amid rising regional tensions and economic instability, challenging traditional alliances.
I get that the Emirates are upset because of Trump, and I am not a fan of the US dollar, but by announcing a potential switch to the Chinese yuan the UAE is threatening itself I would say.
Indeed. They are dependent on the US for protection. If that just falls away, they probably won’t get protection from the Chinese. That would be quite the development indeed.
I get that the Emirates are upset because of Trump, and I am not a fan of the US dollar, but by announcing a potential switch to the Chinese yuan the UAE is threatening itself I would say.
Indeed. They are dependent on the US for protection. If that just falls away, they probably won’t get protection from the Chinese. That would be quite the development indeed.