• Quimby [any, any]
    ·
    edit-2
    3 years ago

    Israel is placing a bet that there will be more interest in Yuans in the future and less interest in dollars.

    If that's true, it means China, which controls the yuan as its currency, will be in a relatively weaker position. and vice versa for the US.

    • Tankiedesantski [he/him]
      ·
      3 years ago

      If that’s true, it means China, which controls the yuan as its currency, will be in a relatively weaker position. and vice versa for the US.

      I'm confused why that means China is in a weaker position if more people are interested in transacting in Yuan?