Yuan surpasses US dollar

[Alenka]

[Dick]

This has been known to happen for decades if people actually follow what economists, and not politicians, say. The beginning of Dedollarization will mean less freedoms. Coronahoax , cough

[Ruggery]

Another Biden achievement

[dviz]

Nonsensical thread title.

Over 90% of the international trade takes place in US dollars. Cross-border trade is a small fraction of the international trade. Until goods are moved over borders a lot of banking takes place (a lot of loans, insurance policies, etc) and all that happens in dollars. Since a lot of goods are produced in China, China can force trade partners to exchange goods in Chinese currency, but that certainly is not appreciated. Yuan is not a reserve currency. In fact, it's not even a free floating currency. It's like Russia forcing partners to buy oil in Russian currency. That is stupid. Over time such a policy caps the volume of trade. The same happens with the Chinese currency. Forcing trade in yuan will actually limit it's use.

And by the way, dedollarisation implies less trade in dollars. No such thing happened. The dollar is used more than ever simply because both the world economy and international trade have grown.
This is a typical useful idiot article.

[Laredo]

Nonsensical thread title.

Over 90% of the international trade takes place in US dollars. Cross-border trade is a small fraction of the international trade. Until goods are moved over borders a lot of banking takes place (a lot of loans, insurance policies, etc) and all that happens in dollars. Since a lot of goods are produced in China, China can force trade partners to exchange goods in Chinese currency, but that certainly is not appreciated. Yuan is not a reserve currency. In fact, it's not even a free floating currency. It's like Russia forcing partners to buy oil in Russian currency. That is stupid. Over time such a policy caps the volume of trade. The same happens with the Chinese currency. Forcing trade in yuan will actually limit it's use.

And by the way, dedollarisation implies less trade in dollars. No such thing happened. The dollar is used more than ever simply because both the world economy and international trade have grown.
This is a typical useful idiot article.

The United states has no real source to backup it's currency this has been widely known, for centuries people believed the U.S economy was heavily backup by gold and other sources turns out it's not.

Putin mentioned this before the reason why Muammar Gaddafi was killed because he was a enemy to the U.S Interest and "west", the U.S government deeply knows once the Petrodollar systems collapse the U.S economy Is over..

The U.S became a rich nation due to advantage of WW2, made a deal that making business with natural resources Including Oil must be done with U.S dollar instead of their own.


In other words the richer nations become richer and the third world poor countries become poorer.. specially those who remained (neutral during WW2)

[rajputprincess]

Very cool. American dollar deserve competition.
Tbh I would rather have China as super power. America have destroyed middle East and America is still stealing oil from them.
Because of American sanctions srilanka lebanon economy was destroyed
America fund terrorist groups

Sent from my Redmi Y3 using Tapatalk

[Loki]

Hurrah!

This is entirely the doing of American foreign and bullying economic policy, sanctions policy.
It's destroying the power of the dollar. Americans are their own worst enemies.