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China wants to make the yuan a central-bank favourite On international currencies' three roles—unit of account, medium of ... Aware of the power that issuing an international currency confers, China is on a ...
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Ray Dalio Commentary- The Changing World Order Appendix: The Changing Value of Money That is because printing a lot of currency and devaluing debt is the most expedient way of reducing or wiping out debt burdens. When the debt ...
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