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Jan Nieuwenhuijs: The Shanghai International Gold Exchange and de-dollarization
By Jan Nieuwenhuijs
Gainsville Coins, Lutz, Florida
Friday, June 9, 2023
This article is a primer on the Chinese gold market, more specifically the Shanghai International Gold Exchange (SGEI).
The SGEI facilitates "offshore" gold trading in renminbi and can play a crucial role in de-dollarization, as it allows countries to use renminbi as a trade currency that can be converted into gold without affecting China's balance of payments.
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De-dollarization can be accomplished by using yuan to settle international trade and store surpluses in gold through the SGEI. ...
... For the remainder of the report:
https://www.gainesvillecoins.com/blog/shanghai-international-gold-exchange-and-de-dollarization
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