The US dollar isn’t close to losing world reserve currency status to China
China’s fiat is growing in popularity. However, it’s nowhere close to challenging the US dollar’s reserve currency status.
Cryptocurrency news by Protos · Protos
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Show Notes
Media coverage of China’s efforts to supplant the US dollar’s reserve currency status has reached a feverish pitch. Diplomatic announcements, ceremonial oil contracts, and narrowly selected data suggest that foreigners are increasing their acceptance of non-USD trade with China.
Listen to this article to discover how this isn't the case.
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