[sgbuffett]

Main factors are no currency controls allowing free flow and free trading of the currency. Second is low political risk. Third is high abundance and low utilisation as of today for.debt denomination meaning more headroom.


https://www.bloomberg.com/news/articles/...-of-havens

[klat]

Wrong, should be RMB

[cityhantam]

Wrong, should be RMB

RMB is doing quietly.

[theold]

It is a multi-currencies backed by gold again or a basket of currencies. The IMF is urgently trying to have a digital currency created by them.

[sgbuffett]

Wrong, should be RMB

The Chinese govt impose currency controls limiting amount of Yuan that can be taken out of China so long as this is in place it is not possible.for Yuan to be a major reserve currency

[singlon]

Japan played too close to the sun pre 1985
we r at terminal phase. we do like to be tired with yesterdays
we watch the front like Lavrov in Cuba

[webinarian]

There is no petroYen yet.   

Now there are only 2 known PetroCurrency, one is Petro$ and the other is PetroRMB.  

When talking about trading currency, it is about trading of goods and services, not about trading of currency exchange rates.   

The key point is if you have Yen in your hand, what can you buy? Buy oil, buy semiconductor chips, buy household and daily usage goods, etc?  

When Saudi accept RMB, it can use to pay for goods from world-factory China, easily can dispose off. But not the same can be said about yen. Buy Yen treasury bond?   

.

[Levin]

Don't think any national currency can 'dethrone' USD. I think if there's such a currency, it won't belong to any country. If there's no such 'non-country' currency, then it could be various currencies becoming reserve currencies instead of a single major currency dominating. More 'parity'.

[RiseofAsia]

Dont laugh! 
JPY is tightening now?

The US and EU are worrying JP will dump out their assets to save its currency.
可能要拆伙了？

Just like What the China is doing right now. 

[RiseofAsia]

https://www.straitstimes.com/business/ba...ening-bets

[limkopi]

Would a big country, and one with much bigger economy, use the currency of a much smaller country like Japan?

Does it make sense if SGD were to become a global reserve currency? How much SGD we need to print to support such a usage?

If China' economy is destined to be 2 times, or 3 times USA GDP, does it still make sense to use USD instead of its own currency? Or worse, Japanese Yen. Think!

[webinarian]

TS,  

It is stupid to base on some people like you trade of USD and Japanese Yen exchange rates, therefore, you conclude that Japanese Yen to dethrone USD.  

The criteria are what can you buy with Yen? Can buy Saudi Oil or Russian gas with Yen?  

Even US kicked Ruble out of US SWIFT system, Putin just ruled that you have to use Ruble to buy Russian gas, US sanction flopped totally because the whole EU scrambled for Ruble to buy Russian oil/gas.  
 
When Saudi accepted RMB for China to buy oil, Saudi knows it can buy the whole range of industrial products from China's factories.  

Will Saudi accept Yen to exchange for oil? Of course "No".  

SgFett, if don't know, don't pretend like you know all lah.  

.

[debono]

There is no petroYen yet.   

Now there are only 2 known PetroCurrency, one is Petro$ and the other is PetroRMB.  

When talking about trading currency, it is about trading of goods and services, not about trading of currency exchange rates.   

The key point is if you have Yen in your hand, what can you buy? Buy oil, buy semiconductor chips, buy household and daily usage goods, etc?  

When Saudi accept RMB, it can use to pay for goods from world-factory China, easily can dispose off. But not the same can be said about yen. Buy Yen treasury bond?   

.

Yes Saudi Arabia is willing to accept RMB to trade with China, so very soon all Middle East countries will trade with China using RMB.......

[Napoleon Porlumpar]

Main factors are no currency controls allowing free flow and free trading of the currency. Second is low political risk. Third is high abundance and low utilisation as of today for.debt denomination meaning more headroom.


https://www.bloomberg.com/news/articles/...-of-havens

doesn't matter lah...................if USD collapse...................the world economy will collapse too..................who can replace the American consumers ?.............sell to Martians ?

[sclim]

there will be no new world reserve currency. each will turn to trade in their own country currency.
with ict it can be completed so fast that any risk associated with the counter party currency is reduced as compared to having handle real physical currency.
so each currency will be back by a basket of currency , gold, possible crypto etc.

[Phoenix]

The excuse that the Japanese Yen is a safe haven currency will eventually make it a world Reserve Currency is wishful thinking.

There had been hopes of Japan being Number 1 in the world during the 1970s and 1980s but what has happened to them till now?
They have had multiple "lost decades".

If the fact that it has become a safe haven currency to qualify as a world Reserve Currency holds water, then why is the Swiss Franc not a world Reserve Currency till this very day? It was a go-to during the Great Financial Crisis of 2008.

During the start of the Euro, it was touted to be able to replace the USD as an alternative World Reserve Currency. Has it fulfilled those hopes till now as it started close to the end of the last Century, more than 20 years ago?

Unless there is a total loss of confidence in the US and it is weakening strongly as a trend, my take is the USD will still be around for quite some time.

[Blasterlord2]

Why would the yen replace the dollar when Japan is just a stooge of the US? US will never allow this to happen.