Amen. Linking a currency to another currency weakens currency sovereignty. Capital controls are unnecessary for a large, self-sufficient country like China. Follow Russia's lead in decoupling.
SCMP
China should seize the moment to free up controls on the yuan to expand its international use
Zhou Xin
Once someone over there can get some novichok into Putin and he croaks Russia will revert right back immediately to USD zombieism....
ReplyDeleteWhat's wrong with capital controls?
ReplyDeleteAbsolutely correct, Matt.
ReplyDelete