We are only one month into the new year but there is a large story playing out in the global financial world. Nations across the globe are hedging their bets against the US dollar and seeking to diversify their foreign reserve currencies. Since 2009, the Chinese Yuan’s role in the global financial system has doubled and now surpasses both the Japanese Yen and British Pound.
Why Dedollarization Will Be a Major Trend in 2023
Why Dedollarization Will Be a Major Trend in…
Why Dedollarization Will Be a Major Trend in 2023
We are only one month into the new year but there is a large story playing out in the global financial world. Nations across the globe are hedging their bets against the US dollar and seeking to diversify their foreign reserve currencies. Since 2009, the Chinese Yuan’s role in the global financial system has doubled and now surpasses both the Japanese Yen and British Pound.