About the Video
Will the Chinese Yuan overthrow the US Dollar? Uncover the truth behind this potential global economic shift.
🔴 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗜𝗕𝗞𝗥 ➡️ Click Here
🟠 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗺𝗼𝗼𝗺𝗼𝗼 ➡️ https://j.moomoo.com/00JRcf
⬇️ Timestamps:
0:00 → Introduction
0:49 → PetroDollars & World Reserve Currency
3:04 → Who’s trying to kick out the Dollar?
6:28 → Dollars vs Yuan
12:10 → Conclusion
Calls to move away from relying on the U.S. dollar for trade are growing. More and more countries — from Brazil to Southeast Asian nations — are calling for trade to be carried out in other currencies besides the U.S. dollar.
The U.S. dollar has been king in global trade for decades — not just because the U.S. is the world’s largest economy, but also because oil, a key commodity needed by all economies big and small, is priced in the greenback. Most commodities are also priced and traded in U.S. dollars.
But since the Federal Reserve embarked on a journey of aggressive rate hikes to fight domestic inflation, many central banks around the world have raised interest rates to stem capital outflows and a sharp depreciation of their own currencies.
And a lot are also wondering if there will be a switch from the Dollar to the Yuan. In my opinion, we can expect to see more fragmentation of the market, in terms of bilateral and regional agreements using local currencies.
But in the meantime, the USD should remain the dominant currency at least for the near future.
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