this post was submitted on 05 Feb 2025
26 points (93.3% liked)

World News

33524 readers
791 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[โ€“] MisterD 2 points 3 weeks ago (1 children)

Thanks to trump, the US will cease to be the reserve currency in 10 years of less. China will LOVE to control the world's reserve currency.

[โ€“] [email protected] 8 points 3 weeks ago

Highly unlikely that China would have any desire for the yuan to become a reserve currency since they want to be able to control its value on the global market. What's far more likely is that we'll see a BRICS backed currency along the lines of Bancor that Keynes advocated for emerge.