Skip to main content

Posts

Showing posts with the label Currency in Crisis

Contenders to the Dollar as the World's Reserve Currency - Mathematically Speaking

Check out this introduction from the author... Introduction The US dollar has been the world's reserve currency for over 70 years. However, there are a number of other currencies that are vying for the title of reserve currency. These currencies include the Chinese yuan, British pound, and Japanese yen. The Chinese Yuan The Chinese yuan is a relatively new contender to the reserve currency title. However, it has been gaining ground in recent years. The Chinese economy is growing rapidly, and the Chinese government is taking steps to make the yuan more convertible. The British Pound The British pound has a long history as a reserve currency. However, its status has declined in recent years. The UK economy has been struggling, and the British government has been forced to implement austerity measures. The Japanese Yen The Japanese yen is another currency that has a long history as a reserve currency. However, its status has also declined in recent years. ...