- Professor Kenneth Rogoff said that the yuan could rise to become a global reserve currency within the next five years, and that the trend among global investors to cut reliance on the dollar is gaining momentum.
- He said China should reduce its dependence on SWIFT by opening its government bond market and building financial infrastructure as well as an independent payment system, CIPS.
- Rogoff said digital assets such as crypto assets and stablecoins are acting as a factor weakening the dollar-based system, and criticized the regulation under the U.S. Genius Act as overly lax.
Forecast Trend Report by Period
Kenneth Rogoff, a professor at Harvard University, projected that…
