After the freezing of the Russian central bank reserves, people are asking whether emerging economies could diversify their forex reserves from $ to yuan. Some fancy terms like CBDC etc being thrown as a magic bullet. 1/n

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Joe Weisenthal @TheStalwart · Mar 1, 2022

From Twitter

Good thread on why Russia (or anyone else) can't suddenly start using the yuan or yuan-denominated assets as a substitute for USD/EUR in their FX reserve holdings.

Tweet Mar 1, 2022

After the freezing of the Russian central bank reserves, people are asking whether emerging economies could diversify their forex reserves from $ to yuan. Some fancy terms like CBDC etc being thrown as a magic bullet. 1/n

by Avinash M. Tripathi

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