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The only thing saving the dollar is a lack of suitable replacement. Trust in the PRC is lower than even the current highly politicized United States, so the Yua
by etempleton 1y ago
The only thing saving the dollar is a lack of suitable replacement. Trust in the PRC is lower than even the current highly politicized United States, so the Yuan is out. The replacement could be an index of currents tied to G7 or BRICS countries, but that likely gets complicated.
- throwawaymaths 1y agospecifically the yuan is out because of the capital controls on the currency. because of the massive population in china even a minor shift in currency control could cause huge swings in the reserve value.
- SubiculumCode 1y agoBut that is always the case, when one is dominant: No options are nearly as good. Maybe the.dollar is riskier than today, but are there any other countries less risky?