What Happens if the Yuan dethrones the Dollar?
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Brief Description:
In this podcast clip, Jack and Jakob analyze the potential of the yuan to become the dominant global currency, surpassing the US dollar. As the world's second-largest economy, China has been pushing for greater international acceptance of the yuan, also known as the renminbi, and has made significant strides in recent years. The discussion explores the factors that could contribute to the yuan's rise, such as China's growing economic influence, its Belt and Road Initiative, and the increasing use of the yuan in international trade. If you're interested in the future of global currencies, you won't want to miss this insightful podcast conversation.