Will The World Replace The US Dollar With The Chinese Yuan?
There appears to be a debate over de-dollarization, which has raged for the past several months. Perhaps because the Russian Ruble is being squeezed out over the war with Ukraine. Other countries seem to be lining up against the dollar because of the perceived risk that their assets can be frozen like Russia's. This has motivated cross currency deals between countries like China, Russia, Brazil, and India among others. So, are the remaining days of the dollar dominance numbered?