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China It is one of the world’s economic giants and seeks to use its currency as a means of international payment, making the dollar controversial as a currency for trade between countries.
In this context, the team E Channel Communicated with Alberto RuskolequielDoctor of Economics spoke about this global trend.
Countries are abandoning the US dollar
“Three things must be analyzed: China Seeking to make the RMB an international exchange currency”Ruskolekier said, later adding: “Central banks are de-dollarizing and betting on gold.”
“The U.S. deficit is close to 5% of GDP, which is serious because it could reach 7% next year,” said the respondent. “The U.S. is printing a lot of money and converting it into bonds”he added.
Likewise, the analyst said the fiscal deficit must have a limit. “Today, it is twice the size of Argentina’s GDP, which is unsustainable in the medium and long term,” he explained.
Finally, Ruskolekier said that gold prices rose sharply last year because central banks were changing the composition of their reserves.The dollar will not disappear, but its absolute dominance is being weakened.he concluded.
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