First published by Money Metals Exchange here: https://www.moneymetals.com/news/2024/10/25/de-dollarization-major-international-bank-joins-chinese-payment-global-system-003565
<p><img src='https://www.moneymetals.com/uploads/content/De-Dollarization--Major-International-Bank-Joins-Chinese-Payment-Global-System.jpeg'/></p>HSBC Hong Kong announced it will formally join China’s Cross-Border Interbank Payment System (Cips). The move is yet another body blow to dollar dominance.