I have been keeping my eyes on China. I believe watching what is happening there will give us a clue when the dollar will be dropped for the Yuan as the Global Reserve Currency. I also believe it is due to Saudi Arabia staying with the dollar as oil trade (Petrol Dollar) as the reason why the dollar is still the official reserve currency.
Ever since the 2008 crisis, China has been positioning itself and it’s currency to be the Global Reserve Currency. The BRICS began trading in the Yuan between themselves last year. Australia is trading with China in the Yuan. China does things slowly but surely.
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