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A focused study group for the discussion of economics and economic policy.
32045 Members
We'll be adding more communities soon!
© 2020 Relevant Protocols Inc.
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Washington’s decision to impose sanctions on Chinese individuals and financial institutions for their role in developing Hong Kong’s new national security law may threaten Beijing’s efforts to make the yuan an international currency, according to analysts.   Meanwhile, some say US threats have added new urgency to Beijing’s goal of cutting its reliance on the US dollar by boosting international use of the yuan.
Washington’s decision to impose sanctions on Chinese individuals and financial institutions for their role in developing Hong Kong’s new national security law may threaten Beijing’s efforts to make the yuan an international currency, according to analysts.   Meanwhile, some say US threats have added new urgency to Beijing’s goal of cutting its reliance on the US dollar by boosting international use of the yuan.
Feels like only a matter of time before American dollar no longer world currency. Maybe we go back to gold, but I don’t know if another currency will take it place. Curious if anyone thinks another country currency take it’s place?
Feels like only a matter of time before American dollar no longer world currency. Maybe we go back to gold, but I don’t know if another currency will take it place. Curious if anyone thinks another country currency take it’s place?
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