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2min chapter
China’s third attempt to internationalise its currency
The Sound of Economics
Global Financial Market Fragmentation and the Impact on Currencies
The chapter discusses the potential fragmentation of the global financial market resulting from the internationalization of the Chinese currency, RMB, and the promotion of other currencies by countries like India and Brazil. Concerns over the euro losing market share in swift settlements and its vulnerability compared to the dollar are also raised.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode