The growing co-operation between Egypt and China provides further evidence of a shift away from a dollar-based international monetary order, an expert tells Central Banking.
The Egyptian and Chinese central banks signed a memorandum of understanding (MoU) on July 11 in Cairo to promote co-operation over digital currencies, innovation and currency settlement. Chinese premier Li Qiang, People’s Bank of China governor Pan Gongsheng, Egyptian prime minister Mostafa Madbouly and Central Bank of Egypt
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