Now that's an interesting statistic! Chinese exporters have built up massive US dollar holdings in recent years, countering their own government, which has massively divested itself of US dollars and US dollar-denominated vehicles such as US government bonds. Obviously, large parts of their own population have less confidence in the transition to a BRICS currency system than they thought. Who seriously wants to hold a YUAN CBDC on their balance sheet?

But before the eurozone Europeans cheer: the euro has collapsed from 35% to less than 13% since the start of the sanctions policy against Russia as an international settlement layer. The euro will soon no longer play a role in international payment transactions! The big winner appears to be the US dollar, which has recently gained massive traction thanks to the enormous adaptation of stablecoins backed by US government bonds. The biggest of all ponzies dies last.