Myanmar Dumps the US Dollar for China’s Yuan
![](https://thealtworld.com/wp-content/uploads/2021/12/Carta-Myanmar-Yuan.jpg)
Myanmar has dumped the US Dollar for Chinese Yuan in border trade with its neighbor to the north. This is not only an essential step to help save Myanmar from a campaign of US-sponsored regime change which includes economic sanctions – but helps set a precedent for other nations to follow suit when threatened by US coercion.
It also serves as a way of bolstering China’s Yuan vs. the still dominant US dollar.
References:
Global Times – Myanmar accepts yuan as official settlement currency for border trade with China:
https://www.globaltimes.cn/page/20211…
Myanmar Now – Kayan Township hit by wave of resignations, as junta struggles to retain control:
https://myanmar-now.org/en/news/kayan…
Columbia Journalism Review – Myanmar’s Other Reporters (Myanmar Now’s US government funding via the National Endowment for Democracy):
https://www.cjr.org/special_report/my…
Harvard University’s Atlas of Economic Complexity – Myanmar Exports 2019 (by partner):
https://atlas.cid.harvard.edu/explore…
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