trading in November, the yuan’s share among all currencies was 4.61%, the highest since the earliest data available in 2015. Heading the list was the U.S. dollar with 47.08%, followed by the euro with 22.95% and the British pound with 7.15%. The yen’s share was 3.41%
Yup, you don’t understand the concept of change over time. At one point, not so long ago, sterling pound was the global reserve currency and US dollar was not used at all. In a few years following WW2, sterling pound fell out of use as a reserve currency and was replaced by the dollar. What the articles I linked clearly explain is that the yuan is rapidly growing in use:
This year’s near-doubling of the yuan’s share as a global payments currency has largely gone unremarked because the figures are still rather modest, and forecasts of the dollar’s impending demise have so far turned out to be greatly exaggerated.
shut the fuck up lol i know your shit i see you all over this site buddy. you say the quiet part out loud lmfao
like I said, cya in a decade when you’re still edging hoping the dollar falls unaware that when it does the Yuan will have long fallen first because of how the cards are stacked ya fuckin goofball
Aww muffin, you sound upset maybe go outside touch some grass. Also, maybe work on your math a bit while you’re at it. Here’s how doubling works: 4.61*2 => 9.22 * 2 => 18.44 * 2 => 36.88 * 2 => 73.76. At the current rate of growth it would only take 4 years for the yuan to eclipse the dollar. Of course, these aren’t independent events and as the use of yuan grows, the use of dollar will shrink. In reality we could see yuan become bigger than a dollar in even shorter time frame. It must be hard to go through life not being able to do basic math.
Thanks for letting us know you don’t understand the concept of trends.
Yup, you don’t understand the concept of change over time. At one point, not so long ago, sterling pound was the global reserve currency and US dollar was not used at all. In a few years following WW2, sterling pound fell out of use as a reserve currency and was replaced by the dollar. What the articles I linked clearly explain is that the yuan is rapidly growing in use:
Reread what you just wrote
Follow your own advice and keep reading it till you understand what I wrote. Might take you a while based on what we’ve seen here.
“we”
shut the fuck up lol i know your shit i see you all over this site buddy. you say the quiet part out loud lmfao
like I said, cya in a decade when you’re still edging hoping the dollar falls unaware that when it does the Yuan will have long fallen first because of how the cards are stacked ya fuckin goofball
Aww muffin, you sound upset maybe go outside touch some grass. Also, maybe work on your math a bit while you’re at it. Here’s how doubling works: 4.61*2 => 9.22 * 2 => 18.44 * 2 => 36.88 * 2 => 73.76. At the current rate of growth it would only take 4 years for the yuan to eclipse the dollar. Of course, these aren’t independent events and as the use of yuan grows, the use of dollar will shrink. In reality we could see yuan become bigger than a dollar in even shorter time frame. It must be hard to go through life not being able to do basic math.
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What an amazing counterpoint you’ve mustered. 👏