08.11.2016 - Why China’s yuan is poised to be the next global super-currency
With dominant reserve currencies like the dollar and the euro in decline, the yuan has a great opportunity to be a serious contender. China’s yuan has a great opportunity to achieve super-currency status. The major currencies have had a torrid time in recent years, raising huge question marks about their future reliability as reserve currencies in the global monetary system. The reputations of the US dollar, Japanese yen, euro and UK sterling have all taken a heavy pounding thanks to recession, deflation, currency debasing and political upheaval since the 2008 financial crash.............................................Full Article: Source
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