The Chinese yuan will become a world reserve currency sooner than most individuals count on, mentioned billionaire investor Ray Dalio.
The U.S. dollar is at the moment the world’s reserve currency, however billionaire hedge fund supervisor Dalio mentioned the yuan’s function might develop a lot larger within the subsequent few years.
Dalio, founding father of the world’s largest hedge fund Bridgewater Associates, mentioned extra world commerce and monetary transactions might be denominated within the yuan within the coming years. That’s going to assist China’s currency become extra broadly used internationally, he instructed CNBC Managing Asia’s Christine Tan.
Here’s the investor’s tackle why the yuan goes to become extra enticing, and the way its digital type might be a very viable funding various.
