巴西签了，埃及也签了，美国要慌了，原本还在观望这下全坐不住了

Core Insights - The article discusses the growing trend of countries, including China and 32 others, signing currency swap and settlement agreements, totaling 4.5 trillion RMB, which challenges the dominance of the US dollar in international trade [2][4][6] - The shift towards local currency transactions is seen as a response to the volatility and costs associated with using the US dollar, particularly in light of recent US monetary policies [4][6][9] Currency Swap Agreements - Countries such as Brazil and Egypt have entered into agreements to conduct trade in their own currencies, reducing reliance on the US dollar [2][10] - The agreement between China and Brazil involves 190 billion RMB exchanged for 157 billion Brazilian Reais, allowing direct currency settlements for trade [2] Global Payment Trends - The share of the RMB in global payments is projected to rise to 4.5% in 2024, making it the fourth-largest payment currency, up from 1.9% in 2019 [7] - The CIPS (Cross-Border Interbank Payment System) has expanded its reach to 180 countries, with a 45% increase in transaction volume, indicating a shift away from the SWIFT system [7][15] Impact on the US Dollar - The article highlights a decline in foreign holdings of US debt, dropping from 30% in 2015 to 22% in 2024, suggesting a loss of confidence in the dollar [13] - The US's attempts to maintain its dollar dominance through tariffs and pressure on allies have led to unintended consequences, including rising domestic inflation and increased costs for US businesses [13][18] International Reactions - Countries like Argentina have resisted US pressure to abandon currency swap agreements with China, indicating a shift in geopolitical dynamics [4][6] - The trend of de-dollarization is becoming more mainstream, with ordinary citizens becoming aware of alternatives to dollar-based transactions [16][18]