The US dollar is the number one currency in the world. The Yen is in bad shape and unless China plans on backing their Yen with gold it will always be inferior to the US dollar.
Not always, once Saudi drops Dollar and joins up with Russia/China side of things the dollar is in trouble. That said China’s currency will never ever be the world reserve currency in the west. It will be a new thing. The dollar is indeed fucked the next couple years though.
Chinas currency will not be world reserve currency in the west. But the dollar is loosing that status soon indeed. Not to be replaced by China though. Will be something else or multiple things.
The US dollar is the number one currency in the world. The Yen is in bad shape and unless China plans on backing their Yen with gold it will always be inferior to the US dollar.
Not always, once Saudi drops Dollar and joins up with Russia/China side of things the dollar is in trouble. That said China’s currency will never ever be the world reserve currency in the west. It will be a new thing. The dollar is indeed fucked the next couple years though.
Chinas currency will not be world reserve currency in the west. But the dollar is loosing that status soon indeed. Not to be replaced by China though. Will be something else or multiple things.