Could China's Currency Be The New World Reserve? part 2: Advantages of Reserve Currency & China's Plan

The video discusses the advantages of the US dollar being the world's reserve currency, such as reduced exchange rate risk and increased attractiveness to investors. It highlights the political power the US gains from this status. The video also explores China's efforts to promote the yuan as a global currency through trade and infrastructure projects like the Belt and Road Initiative. It explains how trade dynamics influence currency settlement choices and the impact of international loans on currency reserves.

What strategies is China employing to promote the yuan as a potential alternative to the US dollar?

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How does the war in Ukraine impact China's efforts to push its currency onto the world stage?

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