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The RMB is a terrible reserve currency since the CCP can just arbitrarily change its value by decree.
by malcolmgreaves 2y ago
The RMB is a terrible reserve currency since the CCP can just arbitrarily change its value by decree.
- dave4420 2y agoSure — but if the CCP decided it wanted the benefits of owning a reserve currency, it could change that. Then suddenly it looks more attractive.