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A global currency has to have liquidity and availability and the Renminbi has none of those things. China doesn't seem willing to turn their country into a majo
by gtirloni 1y ago
A global currency has to have liquidity and availability and the Renminbi has none of those things. China doesn't seem willing to turn their country into a major importer (thus making the RMB more global) so I doubt it will replace the USD either. Probably all three USD/EUR/RMB will be around without a major takeover by a new entrant.
- MaxPock 1y agoChina is a major importer.Isnt 3 trillion dollars a year in imports "major" to you ?
- selectodude 1y agoChina pays for their imports using dollars.
- gtirloni 1y agoIt's a much much big exporter.