Can Chinese Yuan Replace US dollar?
The U.S. dollar’s dominant reserve currency status is likely to endure partly because even the most talked about alternative the Chinese yuan falls short as a credible challenger, Morgan Stanley said in a report on Thursday.
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NOT MY life TIME 🗣🙈🙉🙊🎙🤑💣🤣
No fiat currency can replace US dollar. Only gold can.
Imagine this scenario.. 1 BRICS coin = 1gm of Gold 100 Dollar= 1 Banana
@Hmonks
Ай бұрын
😂😂😂
@Hmonks
Ай бұрын
US own 8.1 metric ton of gold more then the whole BRICS combined
@ssuwandi3240
Ай бұрын
In 2022, 5000 Ruble was hedged against 1 gram of gold
China also wants to replace English with mandarin as the new international language! Imagine watching Hollywood movies in Chinese!!😂😂😂
@peanut0brain
Ай бұрын
Did China ever say that? Stop farting nonsense. It is some countries own will to promote mandarin. China did not force them..
The Chinese currency can’t even replace the toilet paper in my bathroom.
@fattfatt6483
Ай бұрын
I RATHER INVEST IN THE CHINESE YUAN RATHER THE USD. US 💵 IS IN RAPID DECLINE ! 100/- USD = 10/- CHINESE YUAN !😂😂 . REF EXCHANGE RATE TODAY .
@Paul-H-Wolfram6608
Ай бұрын
@OldCanadianguy953 Really ? Then why more and more countries are trading their commodities with the Chinese Yuan currency instead of the US dollar. Let me give you a few example, US close friend Saudi Arabia selling their oil🛢to China in Yuan, so does Russia. UAE selling their natural gas to China in Yuan, Brazil transact with China in Yuan on their commodities. Since 2009, China has signed currency swap agreements with numerous countries including some US close friends, here are the list of countries, Argentina - Belarus - Brazil - ECB - Hong Kong - Iceland - Indonesia - Malaysia - Singapore - South Korea - Thailand - Uzbekistan - Tajikistan including US closest ally, UK 🇬🇧 and even your country 🇨🇦. Don't believe ? Go google and check it out. 😁 Pretty soon, it will be the US dollar 💵 that will be can't even replace the toilet paper 🧻in your bathroom, we'll see.
@peanut0brain
Ай бұрын
So why are you using a phone "made in China" to post bs?
@LanNguyen-vd4zt
Ай бұрын
@@Paul-H-Wolfram6608In short, No countries in the world want to use the RMB which are peg to the dollars to trade with other countries. The reason why they agree to a Swap with the RMB with China because these countries get more out of the trade deal with China and agree to a limited amount of RMB to be Swap to balance the trade deal.
@paulzhang1310
Ай бұрын
@@LanNguyen-vd4zt because these countries knew the US pays them with fiat money that comes out of printing machine ...... slowly and surely more countries are avoiding US dollars
US 8000 metric ton Gold Reserves equivalent to 800 billion Dollars, the same amount owing to China, in short it belongs to China 😂
Great job, folks!
Yuan cannot even replace the Euro
@Paul-H-Wolfram6608
Ай бұрын
Pretty soon, the US dollar 💵 can't even replace the Indonesia Rupiah and the dollar is equivalent to 🧻
@francoislechanceux5818
Ай бұрын
@@Paul-H-Wolfram6608 The GDP of the USA is superior to the GDP of russia, China, India, Brazil, south Africa combined. And the EU, Japan, south Korea, Canada, Australia...are all 1st class allies of the USA. Of the 10 biggest banks in the world 8 are Americans. Of the 10 richest companies in the world 8 are Americans. Of the 100 best universities in the world, 40 are Americans. Of the best 2000 mathematicians in the world, 1100 are Americans. Etc...
@lifeisgood141
Ай бұрын
@@francoislechanceux5818 What is the GDP (and PPP) of the USA since 2019 to 2024?
Good question about a gold standard. I was wondering how that would work❤
👎👎👎 NO. NO TO YUAN. WE 💖💖💖 U.S. DOLLAR FOREVER.!!! 👍👍👍😋
🧐
Yuan has multiple currency notes being released with identical serial numbers. It therefore cannot be relied upon when the CCP says it printed a certain amount of money, but the actual amount of money printed was greater.
IF CHINA WANTED TO REPLACE THE DOLLAR, CHINA COULD HAVE DONE SO A LONG TIME AGO WHEN THEY BE CAME THE WORLDS LARGEST TRADING PARTNER.
Only the Indian rupee can replace the US $
@shanerock762
Ай бұрын
Never
@lance8080
Ай бұрын
Those snake charming call scammers 👳🏾♂️
Same shit money
IMF reports a steady decline in the dollar’s share of global foreign-exchange reserves to below 60%
THE CHINESE ARE NOT IN COMPETETION WITH AMERICAN. THE CHINESE PEOPLE DO NOT TALK ABOUT AMERICA. AMERICAN IS OBSESSED WITH CHINA