Comment on China is stepping up its efforts to become less dependent on the dollar

China is stepping up its efforts to become less dependent on the dollar

REUTERS/Jon WooThe world monetary order is changing. Slowly but steadily, global trade and currency markets are becoming less dollar-centric. Formerly marginal currencies such as the Chinese yuan now stand to become serious competitors to U.S. dollar dominance. Could gold also begin to emerge as a leading currency in world trade? Over time, it certainly could.

 

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