Ray Dalio on Chinese yuan becoming global reserve currency
the US dollar is currently the world’s reserve currency, but billionaire hedge fund manager Dalio said the yuan’s role could become much larger in the coming years.
Dalio, founder of the world’s largest hedge fund Bridgewater Associates, said more global business and financial transactions could be denominated in yuan in the coming years. This will help the Chinese currency to become more widely used internationally, he said. CNBC Asia Management Christine Tan.
Here is the investor’s perspective on why the yuan will become more attractive and how its digital form could be a very viable investment alternative.