China’s yuan has surpassed the U.S. dollar as the most traded foreign currency in Russia. This development is a part of the ongoing trend of de-dollarization, reflecting a global move away from the dollar. The volume of yuan traded tripled to 34.15 trillion rubles ($385 billion) over the year, while dollar trading volumes fell by over a third to 49.90 trillion rubles ($560 billion). . . #usdollar