Look What Will Happen After The Dollar Collapse

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Look What Will Happen After The Dollar Collapse

Yuan hailed as the world reserve currency

Some serious supporters say the yuan’s day as a challenge to the greenback has come. But it depends on Beijing accepting the downsides

Its supporters excitedly describe it as rise of the “redback” – red for communist China as opposed to the greenback of the US. Now two distinguished academics have joined a chorus of bankers anxious to share in the lucrative business opportunities they see in the internationalisation of the yuan to challenge the US dollar as the global currency of choice.


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