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Is the Yuan About to Replace the Dollar as the World's Reserve Currency?

fidelcastro Wrote: Nov 06, 2012 1:21 AM
These Republicans all lie about their core values. They are for BIG goob-mint and rigged markets. Capiche?

Once again we are seeing articles and research papers stating the Chinese renminbi (yuan) is about to replace the dollar as the global reserve currency.

Here is a working paper by Arvind Subramanian and Martin Kessler at the Peterson Institute of International Economics stating The Renminbi Bloc is Here: Asia Down, Rest of the World to Go?.

A country’s rise to economic dominance tends to be accompanied by its currency becoming a reference point, with other currencies...
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