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Harvard Prof on China’s yuan becoming the ‘world currency’

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Japan’s Nikkei has an interview with Harvard University economics professor Kenneth Rogoff. 

It covers not just the development of the yuan but a wider range of topics including twin destabilising forces in US politics. 

Its worth a read, very interesting indeed. 

On ” the minimum conditions for the Chinese renminbi to be the world currency?”:

  • China would certainly have to greatly strengthen their institutions, their trust. 
  • Maybe they have another way of doing it. I don’t know. Eventually if they become two-thirds of the world, they can do anything. 

Link here for much more (may be gated)  

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