The future of the US Dollar

[Torie]

Glorious, but always an attractive nuisance for the kooks to speculate about.

https://www.nytimes.com/2023/04/14/opinion/dollar-reserve-currency.html

[Torie]

This just came on my email from Bloomberg:

President Xi Jinping is supercharging efforts to rival the most powerful currency in the world.

China is pushing through deals linked to the yuan as it seeks to circumvent US attempts to weaponize the dollar. Agreements to transact some payments in the Chinese currency from Saudi Arabia, Brazil and even France have been signed in recent months.

Sanctions on Russia — an acute reminder of the greenback’s unique dominance in the global economy — have been a potent catalyst in expanding the use of an alternative.


Laos and Bangladesh are enamored with the Yuan. The end is near.