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RE: Will the US Dollar Remain King, or Will the YUAN Topple it?
What do you think about the government of countries choosing the Chinese YUAN over the US DOllar?
In my humble opinion, CNY cannot flip the US dollar anytime soon. Yes, I know there are talks between Saudi Arabia and China to use YUAN for oil deals, but with that said, it would be hard to imagine the remaining 20 largest economies (UK, Germany, France, Japan...) choosing YUAN over the dollar.
Thanks for sharing :) @gbenga
The Euro tried it and wasn't successful, and before the international body will accept CNY, there will be so many stumbling blocks to making the CNY acceptable