Is China On The Way To Become Reserve Currency

[ed odowd]

China has been buying gold like a drunken sailor which may be the key part of their plan to replace US dollar as reserve currency.By offering a gold backed currency they might be able to get more countries to use their currency for international trade transactions .This would crush the dollar

 

[sussexcopirate]

Unlikely

 

[ed odowd]

Hope you are right ,but it went from 71% in 1999 to 58% in 2022 so the trend not good for US.We need countries to keep buying dollars to support the value of the dollar .

 

[SHUSA]

i think its very likely.