tag:blogger.com,1999:blog-24338064.post4716761702393057608..comments2024-02-11T19:28:27.997+11:00Comments on Personal Reflections: Currencies, China & the mineral taxJim Belshawhttp://www.blogger.com/profile/10075614280789984767noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-24338064.post-73458306129668979702012-03-28T15:53:55.252+11:002012-03-28T15:53:55.252+11:00Interesting comment, Rod. The changing role of the...Interesting comment, Rod. The changing role of the US dollar, the rise of other currencies, is part of the change process.Jim Belshawhttps://www.blogger.com/profile/10075614280789984767noreply@blogger.comtag:blogger.com,1999:blog-24338064.post-75841348039668182502012-03-28T11:20:32.435+11:002012-03-28T11:20:32.435+11:00direct conversion between the Yuan and AUD is inte...direct conversion between the Yuan and AUD is interesting!!! This is part of a pattern that seems to be occurring around the world. The days of the USD being the reserve currency is ever so slowly changing I think... and because of this there may be big implications for world politics. The US has been able to retain its dominant position in the world through the USD as a 'reserve' currency especially with regard to the oil trade (the 'petrodollar').<br /><br />I'm in two minds about this change. I think that the US has been too self interested with its power but at the same time it has kept a level of stability in most places around the world. I wonder if the weakness the US dollar is experiencing now is part of that slow change.Rodhttps://www.blogger.com/profile/10962789743908134314noreply@blogger.com