The Sinofile

Why The Yuan Will Never Replace The Dollar


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China's continued efforts to replace the dollar with the yuan as the world's trade currency falls in line with its ambitions for global primacy. However, there is more to the picture beneath the surface. Why wouldn't the yuan replace the dollar? And what is the real source of power to the valuation of currency? Tune in to find out.

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The SinofileBy Joshua Solorzano