January
Jan 1st:
The world has had three primary reserve currencies, namely;
- USD
- British Pound
- Dutsch Guilder
I expect the Chinese Renminbi to increase in global importance. China has all the raw ingredients to move towards a reserve currency. President Xi Jinping announced last year that China would aim to become carbon neutral by around 2060 - I think moves like this will make China more prominent ( & likeable) on the Global Stage.
These things change and quick. For example, in 1900 0% USD was held in reserve and 62% in pound sterling. By 2020, that shifted to 4.4% pound sterling and 59% USD.
Jan 2nd: