Can the yuan become the world's reserve currency?

2023-04-12 14:12:14

Currently no

The yuan is not a freely convertible currency. It can only buy Chinese goods.

The PRC is the world leader in the production of most industrial goods. This is facilitated by the weak exchange rate of the yuan against the dollar. If the yuan becomes the world's reserve currency, it will strengthen against the dollar, which means that China's industry will lose its competitive advantages.

Can the yuan replace the dollar?

When will the euro disappear?

2024-01-29 06:34:34

In 2034

There is a massive outflow of capital from Europe, which flows into dollar assets. Accordingly, the positions of the euro are declining, and the dollar and yuan are strengthening. The Chinese yuan is beginning to overtake the euro as a world currency. And this cannot be changed.

After the exit of any member from the EU or the collapse of the EU, no one will need the euro. The dollar will strengthen in the short term, since it will be necessary to shift savings to some more stable currencies. Europe will not buy American goods because of the crisis, and there will be no one to sell them to. China, Russia will not buy because of the sanctions. It still does not buy from India, hoping for its own market. Asia also does not need American goods. The East will not buy goods in large volumes. In addition, the dollar index is calculated based on the euro. And now the euro is being artificially held, despite the crisis, it is not falling, but with the collapse of the EU, it will no longer be possible to keep it.

The euro was ambushed: Why the EU currency may disappear, what fluctuations await the exchange rate and how to save savings

When will there be a change of the ruling elite in Russia?

2023-07-28 14:26:17

In 2024, the transition period to this change will only come.

The sanctions did not discourage the elite's aspirations to the West, but they gave rise to a desire to somehow circumvent the sanctions and quickly cancel or at least weaken part of them. The path to the West for the Russian elite remains the main one, despite the statement of insurmountable differences with the elites of the West. There is simply no other option comparable in terms of profitability. The reduction of the resource base sowed confusion in the elites and required the arbitrator to remove certain players from the number of active clans by force.

When will there be a change of the ruling elite in Russia?

A rapid large-scale purge or replacement of the elite with a new composition? What Is Putin's Choice?

When will earth run out of coal?

2023-01-29 11:02:40

At current consumption levels, the digitalis will begin in 2075

The need for coal is growing. The growth of world coal production was influenced by India and China. Also, if the European Union refuses to purchase Russian gas, it will be necessary to look for alternative suppliers and again return to coal.

The Chinese economy is heavily dependent on global coal supplies

Is this the end? How long will the world's coal reserves last?

Accuracy 10

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