The Renminbi will eclipse the US dollar as Reserve Currency in 2022. Central banks will hold their reserves in renminbi instead of the USD as they currently do. The USD will be No2 instead of No1. The IMF will be the source of data.
Created by Raahul_Kumar on 2015-05-17; known on 2022-05-28; judged wrong by amadeu on 2022-05-26.
- Raahul_Kumar estimated 100% on 2015-05-17
- Raahul_Kumar on 2015-05-17
- JoshuaZ estimated 25% on 2015-05-17
- JoshuaZ said “Dude, have you heard of overconfidence? ” on 2015-05-17
- jesselevine estimated 0% on 2015-05-20
- FarOutFuture1988 estimated 10% and said “unlikely…. since the renminbi is still undervalued by the Chinese government it wont be a the world reserve currency for a very long time if ever. More likely a digital currency will take the place of the dollar in the future than any other.” on 2015-05-21
- doctorpat estimated 10% and said “Date man, you need to put a date on the prediction. ” on 2015-05-21
- Raahul_Kumar changed the deadline from “on 2022-05-27” and changed their prediction from “The Renminbi will eclipse the US dollar as Reserve Currency. Central banks will hold their reserves in renminbi instead of the USD as they currently do. The USD will be No2 instead of No1. The IMF will be the source of data on this question again.” on 2015-05-22
- ChristianKl estimated 1% on 2015-05-28
- Raahul_Kumar said “http://in.rbth.com/news/2015/07/08/brics_countries_will_be_able_to_make_40-50_of_settlements_in_national_cu_44115.htmlBRICS countries will be able to make 40-50% of settlements in national currencies soon” on 2015-09-11
- Raahul_Kumar said “32 nations have RMB bilateral swap agreements.https://en.wikipedia.org/wiki/Internationalization_of_the_renminbi#List_of_RMB_Bilateral_Swap_Agreements” on 2015-09-11
- Raahul_Kumar said “RMB breaks into the top five as a world payments currencyhttp://www.swift.com/about_swift/shownews?param_dcr=news.data” on 2015-09-11
- Raahul_Kumar said “RMB strengthens its position as the second most used currency for documentary credit transactionshttp://www.swift.com/about_swift/shownews?param_dcr=news.data” on 2015-09-11
- Raahul_Kumar said “RMB is now #4 as an international payments currency. Number two for global issuance of Letters of Credit by valuehttp://www.swift.com/assets/swift_com/documents/news/RMB_stellar_ascension.pdf” on 2015-11-30
- PseudonymousUser estimated 23% and said “I seriously doubt this will happen in just 7 years. ” on 2015-11-30
- PseudonymousUser estimated 27% on 2015-12-26
- Raahul_Kumar said “The RMB’s rise as a global currency The RMB was the No2 currency for global letter-of-credit issuance in August 2015, after the dollar;” on 2016-01-01
- Raahul_Kumar said “The amount of trade settled in Chinese currency has more than doubled over the past several years and now tops more than $1 trillion annually;” on 2016-01-01
- Raahul_Kumar said “ Cross-border trade settlement denominated in China’s yuan currency may exceed 50% of China’s total trade by 2020, more than doubling the current level.” on 2016-01-01
- Raahul_Kumar said “https://www.oppenheimerfunds.com/investors/article/chinas-currency-takes-a-great-leap-forward” on 2016-01-01
- themusicgod1 estimated 11% on 2016-04-14
- Bruno Parga estimated 10% on 2017-02-17
- Bruno Parga estimated 0% and said “https://www.centralbanking.com/central-banks/economics/4737916/renminbi-internationalisation-the-new-dollar2% of all reserves.” on 2020-09-13
- 22 estimated 1% on 2022-03-17
- Baeboo estimated 1% on 2022-03-17
- JoshuaZ estimated 1% on 2022-03-17
- amadeu judged this prediction wrong on 2022-05-26.