Can Chinese currency yuan replace the US dollar?

[Freemind]

@Arendra it is true that the dollar has always been a strong currency, but no matter how strong the dollar is, it also matters how strong the other currencies may be, and the yuan is a currency that grows stronger every day, not only within the borders of China, but in the rest of the world. Now the dollar's biggest enemy is inflation, and China doesn't have to do anything, they just have to see how the dollar falls little by little.

[andrewBud]

I think that the Americans are unlikely to sit still. They can always carry out procedures that allow USDT to be recognized as a state cryptocurrency .. USDT is used by so many ..

[MishaSER]

I don't understand how this is related to cryptocurrency? In my opinion, this is a completely different direction, perhaps this is due to the digital yuan that many are talking about?

[Kitaiev]

At the moment the Chinese economy is even stronger than the US economy. While in America the largest military power, China wont be able to intercept the palm.

[Dora Walletinvestor]

[...]

It’s not the trade that makes USD the world’s reserve currency but the fact that there’s a sense of trust in the US economy. The transparency of the market and stability of its monetary policy are two important factors as well. Hence, it is not possible to eradicate the use of the dollar, even though it may be declined.

These are not the only reason for USD being a global reserve currency. There is also the fact that foreign countries benefit hugely by selling their products to the US customer base. Even if the Yuan becomes strong and the Chinese economy becomes bigger, I don't think China could have the same "function" as the USA has now.

[Freemind]

Many countries are stopping using the dollar as a currency to buy and sell outside their borders, and the United States government knows it. That also weakens the dollar causing its inflation to rise, it is like a vicious circle. If the United States fails to move the large amounts of money it has stored in some way, I think it will be a matter of time before another currency reaches the top position.

[Jaephoenix]

I have already tipped the Chinese to be a world power ahead of the US. They would dominate technologically, and economic dominance would strengthen their stranglehold in that vein. The digital Yuan would be powerful

[Zezari]

If this happens, even though the Chinese know how to run a good economy, the law does not allow you to print more money. If only they produce everything on earth and even food then they can displace America.

[WWW1959]

At the moment the Chinese economy is even stronger than the US economy. While in America the largest military power, China wont be able to intercept the palm.

The dollar is protected by the USA army and the dominance of the yuan could lead to the most powerful military conflict involving many countries. So far, there is an economic war between the two countries, but this is only the beginning.

[Freemind]

The dollar is protected by the USA army and the dominance of the yuan could lead to the most powerful military conflict involving many countries. So far, there is an economic war between the two countries, but this is only the beginning.

You are right, we are at the beginning of the war. But that war will not be a traditional war. That war has already started and it is digital. Hacker attacks from both China and the United States are constant, with a third player coming into the game, Russia. Which makes the balance go to the side of China, due to its alliance with Russia in economic terms.

[Lanirex]

The dollar is very strong, it is impossible to replace the Yuan. The dollar is known to almost everyone in the world, while the Yuan is not. In my opinion, there is no way that the dollar will be replaced by other Fiats, including the Yuan.

[WWW1959]

The dollar is very strong, it is impossible to replace the Yuan. The dollar is known to almost everyone in the world, while the Yuan is not. In my opinion, there is no way that the dollar will be replaced by other Fiats, including the Yuan.

This is not a year or another, but with the prospect of 15-20 years, or rather by 2049, when China will celebrate 100 years of the formation of a new country. And I think this is serious because the management system in China is more effective than in the USA.

[DAMKAR]

For the short term, it seems impossible. I guess 70 per cent of all money in circulation is the US dollar. But I am also sure that the future is China if they democratize their country.

Yes You're right dollar is more popular and It seems really difficult be replaced by other currency like yuan.  because almost all people at the world know about dollar but not known about yuan. I think..

[Freemind]

Yes You're right dollar is more popular and It seems really difficult be replaced by other currency like yuan.  because almost all people at the world know about dollar but not known about yuan. I think..

The dollar is more popular because it has been used for many years, and now their inflation is through the roof, which is very dangerous. It is a matter of time, the dollar will be replaced by another currency, and although many do not like the idea, that currency is the yuan. China already has too much strength and capacity at its disposal.

[sacrotic]

This is market and competition always there, the problem is USA have tools ( laws, fund, position ) and China have sources ( people, machine ) it means this is war between two giant with different weapon but deadly. No body know the winner because both have interest but I believe USD still become the major pairs, they have guts to fight and never surrender, protect all area and never let anyone to take it.