Mobius Capital Partners founder Mark Mobius called the yuan the successor of the dollar.
The founder of the American investment company Mobius Capital Partners, Mark Mobius, named a possible successor to the dollar as the world reserve currency, the correspondent an online briefing with the participation of Mobius reported.
“I think the yuan has more chances than others,” the financier said. — Firstly, gold reserves are growing. China is one of the largest gold producers.”
The second significant factor, in his opinion, will be Beijing’s agreements with some countries on the use of the yuan as a reserve currency and on the placement of state savings and reserves of central banks in Chinese assets.
Mobius became famous for investing in assets of countries with emerging markets, which include Russia, as well as the states of Eastern Europe and Southeast Asia.