Sentences with phrase «global reserve currency»

The investment and security value of bitcoin alone would lead governments to acquire massive amounts of cryptocurrencies, especially if they begin to show signs of evolving into global reserve currencies.

As for reaching the pinnacle — the renminbi as global reserve currency — that's more of a long shot.

WASHINGTON (Reuters)- The International Monetary Fund said on Wednesday it will freeze its benchmark currency basket until October 2016, giving markets more time to adjust to the possible addition of China's yuan as part of a review of global reserve currencies.

The majority of executives said bitcoin would become the sixth largest global reserve currency within 15 years.

Perhaps China could host the new global reserve currency?

Either an alternative global reserve currency will be established, or nations will institute dual - currency trading: one value for real trade, another value for foreign exchange.

As I've already noted, Fed policies have significant effects internationally, given the central place of U.S. markets in the global financial system and the dollar's status as the leading global reserve currency.

A bigger fall would clash with China's aim of promoting the renminbi as a strong global reserve currency, says Jessop.

In a recent interview with the U.K.'s Sunday Times, Dorsey predicted that bitcoin will eventually be the single global reserve currency and argued that its slow and costly transactions will eventually «go away» as more people migrate to the blockchain.

Who knows, after such a crisis, the new US Dollar might seem to be the best possible global reserve currency, but I doubt that would happen when wounds are fresh.

Ever since the Bretton Woods agreements — the accords after the Second World War which bequeathed the architecture for the modern international financial system — America's trading partners have been left to cope with the impact of Washington's control and, in more recent years, the hegemony of the dollar as the dominant global reserve currency.

While fleeting, the concept of XRP becoming an established global reserve currency is an ideal scenario for investors.

But, if the same measurement is used to place a valuation on bitcoin, given that bitcoin is targeting a $ 40 trillion market in offshore banking, $ 8 trillion market in gold, and $ 50 trillion in global reserve currencies, the market cap of bitcoin could be in the trillions.

And judging by how this still relatively nascent economy has grown over the past decade, it's hard to rule out the possibility of cryptocurrencies emerging as an alternative to the primary global reserve currency.

How can we determine at what price point will Bitcoin match the total money supply value of global reserve currencies and the market cap of precious metals such as gold?

Some financial experts have predicted that by 2030 Bitcoin will be the sixth largest global reserve currency and OPP.Today reported last month how the cryptocurrency was set to take...

Perhaps China could host the new global reserve currency?

The company has set its sights on an starry - eyed goal: supplanting the SWIFT interbank money transmission service and angling for XRP to become a global reserve currency held by major financial firms in order to facilitate foreign exchange markets.

«There's no question that China wants to have its currency as a global reserve currency,» he said.

Still, to put things in perspective, the U.S. dollar didn't become a global reserve currency until after the Second World War, 150 years after it was created and three decades after the Federal Reserve was formed.

In an online presentation entitled The End of America, which has garnered significant media attention, Stansberry describes what may happen if the world gets fed up with the ongoing devaluation of the greenback and stops accepting it as the global reserve currency.

Before the IMF deemed China's yuan a global reserve currency this week, the currency received support from some prominent names.

The euro is the second largest global reserve currency, and the Eurozone has a large trade surplus with the rest of the world.

A few months earlier, Beijing had applied similar pressure on European nations, this time to join with it in an unprecedented public call to replace the dollar as the global reserve currency.

The largest subsidy for fossil fuels, and their largest consumer, is provided by the US military, whose policy of «full spectrum dominance» is intended to maintain the dollar as the global reserve currency, priced in petroleum, with Treasury debt recycling things back to the (rapidly declining) Imperium.

After all, the euro's days as a contender for global reserve currency are now on hold at best.

There was a reason Keynes supported bancor instead of dollars as the global reserve currency during the 1944 Bretton Woods conference, and it was not, as everyone assumes, just because of nationalist pride.

Third, given the role of the dollar as the global reserve currency, the Federal Reserve has a special responsibility to manage policy in a way that helps promote global financial stability.

Bitcoin functions first and foremost as a currency and could possibly even become a global reserve currency.

Based on the overwhelming popularity of the Dollar among the G20 nations, it's highly unlikely the greenback will be dethroned as the global reserve currency.

Given the fact that the US Dollar will probably remain the global reserve currency for well into the future, it's very important for traders and investors to accurately determine the long - term outlook for the greenback.

These actions mark Beijing's continued efforts to establish the yuan as a global reserve currency and replace the US dollar in the world's commodity exchanges.

The role of the U.S. dollar as the world's global reserve currency has been regarded as a great advantage to the United States but actually it is a destabilizing burden rather than an «exorbitant privilege.»

What led to the demise of the gold standard has relevance to today's challenge to the dollar as the global reserve currency.

Due to the massive debt being amassed by government spending, the role of the dollar as the global reserve currency is threatened.

For much of my career I pretty much accepted the consensus, but as I started to think more seriously about the components of the balance of payments, I realized that when Keynes at Bretton Woods argued for a hybrid currency (which he called «bancor») to serve as the global reserve currency, and not the US dollar, he wasn't only expressing his dismay about the transfer of international status from Britain to the US.

The future of the US dollar as the global reserve currency is one of the special topics tackled in great detail this year, as is the rise of populist politics, and potential «black swans» or «gray swans», which continue to lurk in the global financial landscape, awaiting discovery by the unwary.

Trump is an outsider who knows jobs will never come back to America as long as the dollar is the global reserve currency.

Because of the 1994 Bretton Wood agreement, all currencies around the world are priced in USD (making the U.S. dollar the global reserve currency).

Thing is, we don't have a logical alternative to the US Dollar as the global reserve currency.

Perhaps the rest of the world should consider the possibility of no global reserve currency, or keep the US Dollar, or, move to a commodity standard like gold or oil.

The global reserve currency role will flow to the largest economy allowing free flow of capital.

For better or worse, the US Dollar is the global reserve currency.

A bullish argument for the US Dollar always begins with the fact that the Dollar is the global reserve currency.

The Dollar bears agree that the greenback is the global reserve currency.

Australian food, beverage and agriculture businesses are increasingly trading and invoicing in renminbi when dealing with Chinese customers — a further sign the renminbi could become a global reserve currency like the US dollar.

«At some point China will be the largest economy in the world and it's a case of when, not if, the renminbi will be a global reserve currency.»

Australian food, beverage and agriculture businesses are increasingly trading and invoicing in renminbi when dealing with Chinese customers — a further sign it could become a global reserve currency.

In fact, a healthy chunk of the US trade deficit is a result of the dollar being the largest global reserve currency.