Egypt Issues Yuan Denominated Bonds - Not US Dollar Backed Bonds

Egypt is diversifying the bonds they issue to attract more international investors...and do to this they are not issuing US Dollar backed bonds, they are turning to Yuan (China) backed bonds. This proves that in the global bond market, the US Dollar is looking weak and it is not going to hold onto its reserve status much longer.
Keep Your Ear to the Ground, and Your Head on a Swivel.
#egypt #bonds #usdollar #china

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Articles:
https://egyptianstreets.com/2022/08/30/egypt-turns-to-the-chinese-currency-with-yuan-denominated-bonds/
https://www.zerohedge.com/geopolitical/dont-be-fooled-recent-strength-post-dollar-world-coming

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Food shortages are here and will get worse. A dying dollar means you will be able to by less. Grow your own food to combat the food shortages.

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