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China claims not to want any currency to become the new world reserve currency, and that no one should. Countries are looking into bancor-like solutions for the long term, while using various mixes of currencies in the short term.
Yeah the title is trash but the content is basically just going into a few countries and how they’ve started using yuan more.
No. US basically forced dollars on everyone in Bretton Woods and since then enforces it with every possible mean short of nuclear war.
China have no intentions of doing something like that, and furthermore it’s not even possible because BW happened in very specific conditions.
I would really love a book-length version of this comment
