The dominance of the US dollar
Business Daily
00:00
Egypt's Debt Crisis and the Chinese Yuan Bonds
China has been pushing for its investments and trade deals with other countries to be completed in its own currency, Yuan. This actually works to the advantage of gas-strapped countries like Egypt, for example. The Chinese denominated bond will be limited to the Chinese debt market so it is likely to be more costly on the Egyptian side than the US denominated bonds.
Transcript
Play full episode
