Commodity Trade Mantra

Posts Tagged ‘SDR Currency Club’

Can the US Dollar Face Down the Chinese Yuan?

The decision to include the Chinese yuan in the SDR is a political decision, not an economic one. Including the Chinese yuan is a “seal of approval” by the world’s major financial powers, led by the United States. It means China is a financial superpower and deserves a seat at the table when the international monetary system is reset.

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