
Spotlight: Bad News For Xi — Why The Chinese Yuan Will Not Replace The U.S. Dollar As The World's Reserve Currency
Steve Forbes: What's Ahead
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The Chinese Yuan Is the World's Most Important Currency
Chinese strong man Xi Jinping wants his country to replace the US as the globe's superpower. A crucial initiative for this is supplanting the global role the US dollar currently plays. Most trade is denominated in dollars, and most reserves in central banks around the world are dollars. But China could take a great leap forward if it figured out how to link the Yuan to gold.
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