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Part 3 A multipolar global reserve currency future? 

No single contender looks like an obvious fit:

 

 

 

 

One reason why a multipolar world is likely is that spheres of influence may replace today’s global market. Within the Chinese sphere (eg countries on the New Silk Road), the CNY maybe the accepted currency whereas it is not used in the Western sphere (eg Europe, Taiwan, South Korea, Japan, Australia).

Or we may see hybrids emerge, such as a CBDC backed by Gold.

Some subjects are too complex for our short attention spans, so we do 4 posts one week apart, each one short enough not to lose your attention but in aggregate doing justice to the complexity of the subject. Stay tuned by subscribing.

Part 1
Part 2.
Part 3
Part 4.

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