Are the Dollar's Global Currency Days Numbered? - Page 16 - Chinese Economy - Chinadaily Forum
Author: dragon8

Are the Dollar's Global Currency Days Numbered?   [Copy link] 中文

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Post time 2017-8-21 06:37:37 |Display all floors
In the twilight and fading fast.

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Post time 2018-5-21 23:30:30 |Display all floors
Mishao Post time: 2017-8-21 06:37
In the twilight and fading fast.

As of Q3 2017, the world's central banks held $108 billion worth of Yuan.


Foreigners debt held more than USD18 trillion  in US dollars. More than 85 percent of forex trading involves the U.S. dollar.


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Post time 2018-5-22 06:55:30 |Display all floors
Round Up is good for developing the mind

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Post time 2018-5-22 21:17:46 |Display all floors
Motika Post time: 2018-5-22 06:55

This long-term economic trend should greatly trouble Washington, the actions they been taking recently very clearly illuminate how worried they are about their lifeblood, the petrodollar system...

Until recently, any country wishing to purchase oil must first obtain U.S. dollars. The pricing and trading of crude in Yuan, or the Petro-Yuan is a very serious matter for them and does signal trouble for the petrodollar in the future...

An old saying goes: Dripping water pierces a stone...

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