Quote from: Tchulkaturin on Today at 03:06:14 PM

https://www.rt.com/business/490489-digital-yuan-challenges-dollar-bitcon/

Quote from: Kakmakr on Today at 03:52:48 PM

Well, for that to happen... other countries currently supporting the US Dollar would have to agree to that and pledge their support for the Chinese Yuan or the digital equivalent of it. Roll Eyes

China being a communist country with an oppressive government will not count in their favour to get other countries to agree with that.

China are one of the biggest economies in the world currently and this fight would be very interesting to see. Who would be able to influence other countries to accept their currency as the global reserve currency. Huh

I think a lot of the communist countries might support China and the capitalist countries will still support the US Dollar. Cheesy

Quote from: fabiorem on Today at 04:29:36 PM

On top of that, many countries are also blaming China for the coronavirus. I cant see them doing a 180 degrees turn to accept China as their new financial master.
Something on Soros plan is not working. Unless, of course, the plan includes military escalation and war.

@Kakmakr no country in their right mind will pledge support for the Chinese Currency, because Yuan is not a globally accepted currency, and even if few countries try to support it their own citizens will protest against it hence I don’t think any country will choose Yuan over the dollar.

@fabiorem you’re correct because of the corona issue many countries are cutting down trade relations with China, and hence it’s not possible for them to suddenly adopt Yuan, unless they can prove they had no other choice but to adopt it.

Sources:

https://www.cnbc.com/2020/04/21/supply-chains-will-move-away-from-china-after-coronavirus-mark-mobius.html

https://www.bbc.com/news/world-asia-india-52672510