- NEW!
by JanZizka on August 16th, 2009
Would not surprise me. China recently went from sort of hinting they wanted a new reserve currency to openly calling for it. It also bears noting they recently increased their gold reserves by about 75% which is a good indicator of lack of confidence in the reserve currency. Russia, Brazil, and other economic competitors and major holders of US debt are also calling for a new reserve currency. Right now the yuan looks a good bit more stable than the dollar due to our record deficit, printing money that we have no backing for, and monetizing debt.
What is money in China called?
by Answerbag Staff on April 14th, 2010
| 1 person likes this
What does yuan mean?
by Answerbag Staff on February 23rd, 2010
| 1 person likes this
Regarding Chinese Currency. Is the Yuan the same as a Renminbi?
by Anonymous on September 29th, 2007
| 1 person likes this
Why does China need to purchase American debt (increase foreign reserves of $US) to keep the yuan at a lower exchange rate?
by Bosch on July 16th, 2009
| 1 person likes this
Do you believe that the revaluation of the Chinese Yuan was motivated politically or economically?
by andypipkin on February 6th, 2008
| 1 person likes this
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