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.

http://www.scmp.com/business/money/markets-investing/article/1076500/yuan-hailed-world-reserve-currency

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