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Today US's internal problem become world's problem as dollar is the reserve currency of the world.
However, Euro, GBP and Yen too have many problems, not possible to replace dollar.
China's Yuan or RMB? Yes, the only currency qualify economically as world reserve currency , but are not willingly to take over now. China must develop further, be prepared to shoulder the responsibility in future, say 3~10 years later!
Today US's internal problem become world's problem as dollar is the reserve currency of the world.
ReplyDeleteHowever, Euro, GBP and Yen too have many problems, not possible to replace dollar.
China's Yuan or RMB? Yes, the only currency qualify economically as world reserve currency , but are not willingly to take over now. China must develop further, be prepared to shoulder the responsibility in future, say 3~10 years later!