China is stepping up its challenge to the U.S. dollar’s global dominance by promoting the yuan as an alternative currency for trade, investment, and reserves. With uncertainty around the dollar rising from political shifts to market fluctuations, Beijing is pushing hard to make the yuan a bigger player worldwide.
#china #yuan #worldnews
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I would rather use this one than the dollar or Euro.
They will not succeed
Peg Indian rupees togold, they have so much gold.
China: Our economy is faultering since we went too far with business expenditures. Can the rest of the world help us out of this mess by making our money toilet paper stronger? Don’t mind any of our economic troubles (like housing market collapse, etc)!
The world should not support the usd. Why fuel a tyrant that bullies and monopolies.
No more any countries currency please…No more dependencies. Please create a common currency for BRICS and make transactions towards it.
China slowly n gradually to made yuan as second choice of international currency n not to ditch dollar,.