China's Xi Jingping has now spelled it out
Xi Jinping has renewed calls for the yuan to become a global reserve currency. Writing in the Party journal Qiushi on Saturday, the Chinese leader signaled a continued push to decouple Beijing from its reliance on the US dollar.
A reminder, no reserve currency has relinquished its status without a global war.
Maybe it is a pipe dream for China and BRIC leaders. You can now add Canada as another “C”.
If you look at the below data, it lends to my long term thesis.
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