Could China's Currency Be The New World Reserve? | Economics Explained

Economics Explained

EpisodeAug 16, 202215m

Could China's Currency Be The New World Reserve? | Economics Explained

Economics Explained

EpisodeAug 16, 202215m

Since the end of World War 2 the US dollar has been world reserve currency, this means international transactions are overwhelmingly done in US dollars. This gives the US some key economic advantages. Naturally China wants to make its currency the world reserve currency, and as the second largest economy it makes some sense.Enjoyed this? Comment below! 💬⭑ Subscribe to Economics Explained on YouTube 👉 https://bit.ly/sub2ee Learn more about your ad choices. Visit megaphone.fm/adchoices

Top comments

On Economics Explained, we take a look at interesting countries, policies, and decisions from the point of view of an economist. The world is an interesting place and we hope to uncover some of this intrigue in our short, informative podcasts.

podcasters.spotify.com/pod/show/economicsexplained

Switch to the Fountain App

Open in Fountain