Could the Chinese Yuan Ever Replace the US Dollar?

TRUMP, Donald, 1946-; SUPPLY & demand; ECONOMIC models; INVESTORS; ECONOMIC policy; RENMINBI; TARIFF

The article discusses the possibility of the Chinese yuan replacing the US dollar as the world's reserve currency. It highlights the concerns raised by former US President Donald Trump about the dollar's status and his plans to prevent other countries from moving away from it. The article also explores the historical background of the dollar's dominance and the reasons why other countries are incentivized to use it. While there is increasing rhetoric about de-dollarization, the article suggests that it would be challenging to replace the dollar due to its size, stability, and entrenched position. It also mentions that the Chinese yuan is not seen as a strong contender due to China's political system and lack of transparency. [Extracted from the article]

Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)