The dwindling importance of the dollar as the world's reserve currency | DW News
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2023-06-14に共有
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#Dollar #Yuan #reservecurrency
コメント (21)
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GREAT CONTENT: BRIC'S isn't helping matters. According to some analysis, the United States and other regions of Europe may have a recession in 2023. Because China and emerging countries frequently grow faster than more developed economies, a global recession, which is defined as a decline in annual global per Capita GDP, is more uncommon. Fundamentally, if economic growth lag's behind population growth, the global economy is said to be in recession.
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People just don't understand! It's not about one other currency replacing the USD. It's about trading without the USD and using their own currencies, including the RMB when trading with China. By using their own currencies instead of the USD, strengthens their currency and diminishes the US's control over them.
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I mean why not. US otherwise can keep printing as much money as they want without any grave consequences. When other countries do what US did in last few years they would really be in a difficult situation economically.
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I'm skeptical. Reports about this on TLDR for example have said basically the opposite about the feasibility of a BRICS currency.
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Wait a sec. DW germany invites correspondence from Taiwan to talk about China increasing business with south american countries. So DW thinks opinion of a person lives in Taiwan = person lives in China?? This is confusing.
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Good news for Africa. Having 2 suitors is better than having only 1. This way poor countries can select the best offer. Sadly corruption may not enable their leaders take the best decisions... But still competition is always good for the consumer.
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People that think China is the main competitor to the USD are not realising that the Chinese Yuan is actually the 5tt largest reserve after the USD, Euro, Japanese Yen and Swiss franc
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It definitely is beneficial for these countries to pay China import with Chinese Yuan. Why not!
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Another clickbait title from DW.. have you guys been taking notes from Fox and CNN?!?🤦♂️🤦♂️🤦♂️
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the chinese can not replace the dollar. China is a net exporter, which means that more money is going into the country than out. So the only way for other countries to build up a reserve of chinese currency is to buy it, which makes the value go up, and that makes chinese products more expensive. There is a good reason why china is often trying to devalue their currency.
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The economy that you import from the most is also the currency you want the most
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What if China doesn’t allow purchase in dollars due to political and military risk of war with US? What if you pay Yuan you get 10% off, and you pay USD you pay 30% extra for the risk attached? I wonder how countries would choose.
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The short answer is the RMB will not be the reserve currency anytime soon, it's like saying that payday loan companies will replace banks. The only people who talk up the yuan or some brics currency aren't talking because they have some financial insight or education but because they just hate America.
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is the RMB is a major competitor to the USD?
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It seems that anchor's acting in reading news is way more important than news itself
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How can you trust Chinese money if you don’t know nothing about Chinese economy?
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The point is they need to challenge it. Is that a weakness.
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DW News: The dwindling importance of the dollar as the world's reserve currency. USA: Let's print more money!
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Thanks from USA, Chicago, IL
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Argentina is desperate for a monetary rescue. The PRC will accommodate if you fall in line.
