China Pushing For Yuan To Be Global Currency -- Voice of AmericaBusiness leaders have mixed views about how soon the Chinese currency might replace the dollar as the world’s dominant currency as Beijing promotes greater use of the yuan. Some say Beijing must carry out more reforms for that to happen.
Even as the United States and other countries complain that China’s yuan is deliberately undervalued, Beijing is pushing to make its currency more internationally accepted, commensurate with its growing economic influence.
Read more ....
My Comment: There is an air of inevitability to all of this .... it will be sooner (not later) that the yuan will be a major international currency equal to (if not greater) than the U.S. dollar.
No comments:
Post a Comment