what level the chinese are starting international monetary fund study released in NUMBER_TOKEN and based on a NUMBER_TOKEN survey finds that about NUMBER_TOKEN of china's imports and about NUMBER_TOKEN percent of its exports were denominated in dollars the yuan's share of global reserves is marginal at NUMBER_TOKEN percent which leaves the yuan behind the dollar euro yen and pound sterling the dollar remains the king of global financial markets accounting for nearly NUMBER_TOKEN percent of all global reserves however the bigger picture is that it's not strictly the eNUMBER_TOKEN that is a threat to the dollar but the entire e-currency system in which the e-dollar is only one of many currencies beijing's ultimate goal then is to create a new international system that will lift the dollar monopoly or so says josh lipsky a former imf employee who is now an analyst at the atlantic council anything that threatens the dollar is a national security issue this threatens the dollar over the long term meanwhile americans are also working on the e-dollar however the people behind the digital greenback assure that the us is not china and privacy will be a very important aspect of the new exchange technology still u.s policy makers are mainly trying to maintain the hegemonic position of the dollar whether it be physical or digital the matter was briefly summarized by fed chief jerome powell when he said we don't have to be first we have to do it right americans fears are not unfounded china's recent moves may be the biggest threat to the status of the dollar and of the monetary system that was created after world war ii of course the dollar has survived many doomsday scenarios in the past however this one may prove to be the most refined and challenging this was the NUMBER_TOKENth report which was brought to you by the conflict of nations if you are interested in real-time war games check it out they helped us create this episode so don't hesitate to sign up and try conflict of nations click the link in the description choose your country and fight your way to victory all right let me know in the comments what do you think about digital currencies because it seems they are coming by the way we have recently passed the NUMBER_TOKEN NUMBER_TOKEN subscribers milestone so big thanks to each and every one of you the world is moving at a rapid pace and we are doing our best to keep up so stay with us till next time take care and see you in the next report
START_SPONSOR_TOKEN which was brought to you by the conflict of nations if you are interested in real-time war games check it out they helped us create this episode so don't hesitate to sign up and try conflict of nations click the link in the description choose your country and fight your way to victory END_SPONSOR_TOKEN BETWEEN_SEGMENTS_TOKEN START_SELFPROMO_TOKEN all right let me know in the comments what do you think about digital currencies because it seems they are coming by the way we have recently passed the NUMBER_TOKEN NUMBER_TOKEN subscribers milestone so big thanks to each and every one of you the world is moving at a rapid pace and we are doing our best to keep up so stay with us till next time take care and see you in the next report END_SELFPROMO_TOKEN