De-dollarization: IMF hints at allowing countries to use Chinese Yuan for debt repayment

Modern Diplomacy: The International Monetary Fund (IMF) has hinted that it may accept the Chinese Yuan as a currency for countries to settle their obligations with the IMF following Argentina’s recent debt repayment in yuan. IMF spokesperson Julie Kozack confirmed that Argentina had paid off part of its debts — equivalent to $1.1 billion of the $2.7 billion that matured last month — with the IMF in Chinese currency. “As we have stated in the