Disliked{quote} wont be for another 5 years... but 5 years aint that far... time flies but get ready for a huge CNY or CNH appreciation. have been piling my CNY and CNH deposits for a year or so now... its been quite rewarding tooIgnored
One of the cornerstones to reserve currency status is liquidity. Basically John says that as soon as the PBOC floats the CHY and/or the CNH, or whatever they will call it at that time, depreciation will start instantly.
Those who say it cannot be done should not interrupt those who are doing it