April 02, 2008

Is Renminbi The Future Reserve Currency?

According to Morgan Stanley's global economic group:

"In the long run, the most likely contender to the USD as the dominant
international reserve currency, in our opinion, is likely to be an Asian
currency centred on the Chinese RMB."

Of course this is big picture and looong term (decades if not more). Something to think about just the same.

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