US Dollar Reserve Status Challenges in 2022

The Most Important Thing

risk is largely a matter of opinion

Sam Mendoza

·5 years ago

shared a link post in group #The Most Important Thing

Watch this space.

The U.S. Can’t Afford To Lose Its Reserve Currency Status

medium.com

The U.S. Can’t Afford To Lose Its Reserve Currency Status

The loss of its exorbitant privilege would be disastrous

D J
The US Dollar is facing the greatest challenge to its reserve currency status in history. To explain, governments, financial institutions, and companies in several countries are trying to make the Chinese Yuan or Renminbi an alternative reserve currency. medium.datadriveninvestor..
medium.datadriveninvestor.com
Can the Yuan replace the US Dollar as the Global Reserve Currency?
The US Dollar is facing the greatest challenge to its reserve currency status in history. To explain, governments, financial institutions…

Alex
This paragraph 😂

Sam Mendoza
This paragraph 😂
😅

Sam Mendoza
Renminbi rising: China's yuan is quietly gaining ground wsj.com/finance/currencie.. "China's cross-border yuan settlement for merchandise trade has more than doubled, on a monthly basis, since mid-2020 — and is now equal in value to over a quarter of China's top-line goods trade."
www.wsj.com
China’s Yuan Is Quietly Gaining Ground
The Chinese currency’s use abroad has risen sharply. That could complicate the impact of any future Western sanctions.

Jerome Cody
Renminbi rising: China's yuan is quietly...
Much of this is the Russia effect. Following the outbreak of the Ukraine war and Western sanctions, Russia has replaced Saudi Arabia as China's top oil supplier and become a key market for Chinese autos. And China and Russia now conduct the lion's share of their bilateral trade in yuan.

Embed post to a webpage :

<div data-postid="vomk" [...] </div>

Powered bySelect·iOS·Android