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I think that is their point? That China wouldn't let that happen, meaning the Yuan is unlikely to become the world's new reserve currency?
by mixdup 3y ago
I think that is their point? That China wouldn't let that happen, meaning the Yuan is unlikely to become the world's new reserve currency?
- naasking 3y agoI believe he's actually saying that Yuan becoming a reserve currency means increased risk of capital flight from China. China benefits if everyone outside of China is using the Yuan, and if they mitigate capital flight, there's no downside.