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5 points| robinjhuang | 4 years ago

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nigerian1981|4 years ago

The renminbi’s status as a reserve currency has been impeded by the Chinese government’s unwillingness to free up its exchange rate, allowing the currency’s external value to be determined by market forces, and to fully open the capital account.

sreejithr|4 years ago

Countries who can't agree with the US will move into currency-swaps and barters. I don't see them going for Crypto since that's even more scary for central banks than the US dollar.

csomar|4 years ago

This doesn't mention FATCA and the possible war the US has been waging on Switzerland and other off-shore financial centers. This seems quite China-centeric (China + resources that China needs/oil).

imapeopleperson|4 years ago

More reason to invest in Bitcoin. Like we will ever trust China or Russia over the US.

csomar|4 years ago

The success of Bitcoin, being mainly traded against the dollar, is going to be the ultimate push for the USD as the invincible reserve currency.