Mostrando postagens com marcador yuan hub. Mostrar todas as postagens
Mostrando postagens com marcador yuan hub. Mostrar todas as postagens

quinta-feira, 2 de junho de 2016

Could the Yuan Supplant the US Dollar?/Может ли юань занять место доллара США?



29.05.2016, Strategic Culture Foundation http://www.strategic-culture.org (Russia),
Фонд стратегической культуры http://www.fondsk.ru (Россия)



Many believe that the US dollar and the Chinese yuan could soon be engaged in a fierce battle for top honors in the world of international finance.

However, John Williams, the chairman of the Federal Reserve Bank (FRB) of San Francisco, stated on May 10 that the yuan could not edge out the dollar as the primary global reserve currency. And I am inclined to think that this banker is correct.

The transformation of the yuan into an official reserve currency
Last fall the International Monetary Fund made a very welcome decision for Beijing when it added the yuan to what is called the SDR basket (SDR – Special Drawing Rights, a supranational currency issued by the IMF in limited quantities). This means that the yuan now has the status of