Dr. Perryman explains the goals of recent regulations and the expected impact for financial systems.
Dr. Perryman explains some steps for the exchanges to take to become more appealing on a large scale.
Dr. Perryman says the Chinese Yuan is now an official global exchange currency, which will lead to more stability for the Chinese economy.
Recently, there has been much focus on the "petrodollar" and whether it will continue as the currency of choice in the oil market. China and Saudi Arabia have discussed shifting away from it, a move that some worry will end the dollar's dominance in world markets; others seem to think it would be the end of life as know it. Let me put your mind at ease.
The US-China trade war continues to escalate with the addition of an alleged currency manipulation by the Chinese government. It's the latest in a long list of actions and reactions by both nations, and the stakes are escalating.