Will the Chinese Yuan be among the top 3 global payments currencies before 2030?
Materias primasOne-OffChinaRusia / UcraniaDivisasPolítica comercialGeopolítica3a
Manifold MarketsSin KYCDatos de resolución verificadosCalibración aceptablePronóstico comunitario actual
No 53.8%
No 53.8%Pronosticadores
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Actualizado hace 13 horas
Desactualizado30 abr 23, 23:27 UTC31 dic 29, 12:00 UTC
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From https://metaculus.com/questions/16404/yuan-a-top-3-global-currency/
- Dedollarisation refers to the process of reducing reliance on the US dollar for various purposes, such as trading commodities, holding forex reserves, establishing bilateral trade agreements, and using dollar-denominated assets.
- This phenomenon has been occurring globally as countries seek alternatives to the US dollar.
- Examples include China, which has been gradually shifting from the dollar to the yuan for trade, and Russia, which has been pursuing dedollarisation since 2014.
- One way to assess dedollarisation is via looking at the most active currencies for global payments (by value).
- The most likely currency to lead such a charge is the Chinese yuan (CNY), which has been touted as an alternative to the US dollar in light of broad Western sanctions against Russia after its invasion of Ukraine.
