@PBoyle: Get 25% off Blinkist premium and enjoy 2 memberships for the price of 1! Start your 7-day free trial by clicking here:
@parrish8386: Well it's time for the BRICS- New World Order to come up with a default reserve currency or simply go back to gold as the reserve. It will be too chaotic for each country to trade in their respective currencies with the daily change in exchange rates.
@MasayaShida: Love to hear Plain Bagel and Patrick discuss this overhyped dedollarization trend in the media
@niko-qi1oi: Great discussion! You succinctly addressed a great many of nuanced issues. Chinese economic policy precludes them from playing the role of an international reserve currency because of the stance on capital flow controls. Without free convertibility of currency they can not serve this role, nor do they really wish to. Their discussions and meetings with the BRICS on this topic is much more for domestic political consumption.
@orionoregon974: Mr Boyle is the best at explaining complicated things in a way people can understand, Thanks Man
@dosgos: EU has had a very rough ride with German-led common currency, despite shared laws, culture, and continent. A BRICS common currency would be a lot more difficult, even with strong leadership of China.
@Kingramze: My understanding was the Yuan is a unit of RMB (RMB translates to "the people's money"), and that CNY is the local currency designation while CNH (China Hong Kong) is the designation for international trade. Unless something has changed, it's the CNH and CNY that can diverge in value as CNH is "offshore RMB" while CNY is "onshore RMB" and Yuan is just the unit -- like a dollar.