Egypt Ditches US,Moves Closer to Yuan, Reducing Dollar Reliance Egyptโ€ฆ โ€” ๐— ๐—˜๐—š๐—› ๐—จ๐—ฃ๐——๐—”๐—ง๐—˜๐—ฆ โ€” TG.ME

๐Ÿ‡ช๐Ÿ‡ฌ Egypt Ditches US,Moves Closer to Yuan, Reducing Dollar Reliance

Egypt and China are deepening financial ties as Cairo expands the use of the Chinese yuan in bilateral trade.

Their currency-swap agreement was increased to 30 billion yuan ($4.43 billion), helping Egypt settle trade in local currencies and reduce reliance on the US dollar.
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September 4, 2026 2.8K 2 4