-
China Is Nowhere Near Replacing The US Dollar
If China was hoping to replace the dollar as a term of trade for pricing global commodities like Saudi Arabian oil, or for payment in shipping Brazilian soybeans, then those hopes have been dashed. The dollar is the gold standard. If the euro couldn’t overtake it, the Chinese renminbi (RMB) sure won’t. Add to the fact that many of the core economies are angry with China for a lack of transparency regarding the new SARS coronavirus and it is even less likely that its key trading partners settle trade in the local yuan post-pandemic. According to the monthly RMB Tracker by SWIFT, the global financial messaging ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Apr 23, 2020 8:17pm Apr 23, 2020 8:17pm
- seaman2
- | Joined Feb 2013 | Status: Member | 629 Comments
- Comment #2
- Quote
- Apr 23, 2020 8:35pm Apr 23, 2020 8:35pm
- Danieland
- | Joined Aug 2016 | Status: Member | 36 Comments
- Comment #3
- Quote
- Apr 23, 2020 8:55pm Apr 23, 2020 8:55pm
- Guest
- | IP XX.XXX.233.93
- Comment #4
- Quote
- Apr 23, 2020 9:08pm Apr 23, 2020 9:08pm
- Manudatinh
- | Joined Nov 2008 | Status: Member | 397 Comments
- Comment #5
- Quote
- Apr 23, 2020 9:42pm Apr 23, 2020 9:42pm
- Guest
- | IP XXX.XXX.126.101
- Comment #6
- Quote
- Apr 23, 2020 11:12pm Apr 23, 2020 11:12pm
- clockwork71
- | Commercial Member | Joined May 2007 | 1170 Comments
- Comment #7
- Quote
- Apr 24, 2020 12:51am Apr 24, 2020 12:51am
- flaviom
- | Joined Dec 2019 | Status: Junior Member | 3 Comments