Email of the day - on reserve currency status
Comment of the Day

September 28 2020

Commentary by Eoin Treacy

Email of the day - on reserve currency status

Thanks for your comments on Reserve Currencies on Friday. I remember David mentioning many years ago that to be a reserve currency a country must have democracy and military might. If this is true China would not have a chance in the foreseeable future. I would love to learn your views on this. Please advise and thanks again.

Eoin Treacy's view

Thank you for this question which may be of interest to subscribers. The question of reserve currency status has become quite popular this year because of the massive monetary and fiscal response to the pandemic and the rebound in gold.

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