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China, Egypt to do away with the use of the US dollar

africa.businessinsider.com

1–9 of 9 posts

Re: China, Egypt to do away with the use of the US dollar

#7
post #2

Does it mean that Egypt would start refusing US aid?

After years of the American tax payer supporting Egypt to the tune of 100 billion plus, this is their thank you...hehehehe...

"What have you done for me lately?" Egypt controls the Suez, which is favorable for China's continuing oil import needs while they continue to accelerate off of oil.

> China has invested more than $10 billion in Egypt, building a business hub east of the capital, Cairo, and an electric rail line for industry in the Nile Delta. Annual trade between the two countries is estimated at $20 billion, according to government figures.

https://www.npr.org/2026/09/03/nx-s1-5955295/xi-china-visit-...

https://usafacts.org/answers/how-much-foreign-aid-does-the-u...

https://electrek.co/2026/09/03/cratering-oil-use-in-china-sh...

Re: China, Egypt to do away with the use of the US dollar

#9
post #2

Does it mean that Egypt would start refusing US aid?

After years of the American tax payer supporting Egypt to the tune of 100 billion plus, this is their thank you...hehehehe...

it is like if you dated a punter and now quarterback asks you to prom :)