<center>
![image.png](https://images.hive.blog/DQmRNv726SRB4aA78VscmUhEvnRt19mDpy4zUoSgPq1uL6s/image.png)<br><Creative design thanks to [Canva](canva.com)</sub></center>

We've seen **China** having strong ties with Russia and Iran, the countries which the United States hates. China is also seen as having strong relations with Brazil, India, and South Africa. In fact, Saudi Arabia is also having ties too.

But there's more to the partnerships, it comes with how the United States economy is **declining**. In fact, we've seen in these recent weeks that the banks Signature Bank, Silvergate, Silicon Valley Bank, and First Republic bank have been facing serious troubles handling people's money. It is relevant to mention them here because they are messing with the US economy.

The United States has also been printing money to cover up their economic losses with banks being bailed out. As a result, people are suffering due to high inflation rates. Inflation greatly affects a certain nation because it decreases the spending power of a certain currency.

<center>https://www.chinausfocus.com/d/file/202103/6803b5b3e3706be1a12e3734f0e03255.png<br><sub>Photo source: [Chinausfocus](https://www.chinausfocus.com/finance-economy/what-makes-china-tick)</sub></center>

This is one of the main reasons why **Chinese Yuan** is gaining popularity and being given respect by some countries. It is mainly based on how they are performing economically as a nation. China is a big, progressive, and modernized country that generates tons of money in doing business. As a matter of fact, China owns around $1 trillion of the $28 trillion national debt by the US.

China is also in control of most supplies of the world. In fact, they have controlled some of the markets and businesses already in countries like the Philippines. They dominated the market with their low-priced supplies. **Amazon** and **Ebay** are no excuse for how China has been the primary supplier of most products on their e-commerce platforms. 

With the recent economic struggles the US government is facing, it seems that some countries are trying to move away from the US dollar. With how things are going right now, it is almost clear to me that the US dollar will lose its authority to be the main currency exchange soon. Yuan has the greatest potential among the other coins that can progressively replace the decade-dominating US Dollar.

What do you think about Yuan? We know how strong economically China is but are they enough to finally shake off the throne of the US dollar as the main currency of the planet?
<center>https://images.hive.blog/DQmWVTqUoqwhAU5SywFUwXqhWSLPPB1x462fSQ1wNGZVdrX/image.png</center>

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@korver/will-yuan-replace-the-us-dollar)