Friday, May 29, 2020

First Among Equals

The race for international currency reserves continues. 
The current international currencies for reserves, according to this article, are USD, Japanese Yen, Euro and Chinese Yuan. First among Equals is USD. Of course, China is vying for the spot.

I summarise the key points of the article on reasons why China will be the premier international reserves currencies in the near future:

1. eRMB Chinese Digital currency will have access to continents where USD may be less popular.
2. 5G technology of China will determine international ICT standard and IoT.
3. Digitization of China currency will overcome its economic fundamentals and trust issues.

According to the author, these are the trends worth observing. The keyword is 'China.'
 
Daniel H. Pink Quote: “In many professions, what used to matter ...Pic. First among Equals is the Right Brain.
First Among Equals | KSA IntegrationPic. First Among Equals Methapor
Engineering Quality Quotes. QuotesGramPic. Blogging.

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