Thursday, May 7, 2020

Renminbi vs USD

Do you think RMB is going to replace USD in the near future?  Unlikely, says Forbes.  Since 2018, you can trace the article in Forbes discussing this issue. I think RMB will be at least as strong as USD, if not stronger. Time will tell.
What are the facts that back-up Forbes' argument? Excerpt from the article:

"Within the IMF Basket, China’s RMB represents 10% now. The dollar is still king at 41.7%, followed by the euro at 30.93%."

Yuan Recovers vs USD Following China Trade War White PaperPic. USD vs. RMB

RMB to USD Converter - May 06, 2020Pic. Exchange rates

UK Flag 3D Man Character Pushing EU Flag Euro Symbol 3D ...Pic. Creative 3D Image. Brexit?


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