Reprising: Can China build a reserve currency to compete with the dollar? (August 21, 2023)

The BRICS (Brazil, Russia, India, China, South Africa) countries
meet for a summit this week, prompting renewed questions about
Dollar influence. Lauren Goodwin and Julia Hermann reprise their
April episode discussing what exactly it takes for a country to
build a reserve currency, and why they do not see the Chinese
Renminbi as a credible competitor to the Dollar on a multi-decade
timeline.