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A comment on Xi Wants Strong Yuan in Push to Make China a 'Financial Power'. Parent comment

Re:Xi Wants Strong Yuan in Push to Make China a 'Financial P... by jackofspades on Tuesday January 16, 2024 @08:04PM (#39021668)
Mostly agree with this. Would also financial freedom/transferability also plays a part... to have a "reserve" currency, assets denominated in that currency should be easily exchangeable. If you're hotel california - you can only buy into a currency / not sell, makes it harder to have your currency accepted by others.
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Re:Xi Wants Strong Yuan in Push to Make China a 'Financial P... by ggm on Tuesday January 16, 2024 @08:22PM (#39021829)
"of course you can have this fine oil, but I am only going to accept Rupees if you let me spend it on your vast array of Indian made 155mm cannon shells and electronics which the Americans don't want me to buy"
[ Parent | on HN ]