Bessent on euro as reserve currency: Be careful what you wish for
Bloomberg Television·2025-07-03 20:42
Well, I mean, look, what what are the Chinese going to say. And and by the way, it's a complete fallacy. Uh they have a non-convertible currency. So, how are they going to be a reserve currency.Uh they also have 1.4% billion people who want to get their money out of China. They have capital constraints on taking out taking out money. The uh sin kuan for reserve currency is that it trades freely.And I saw uh my friend Christian Lagard, president of the ECB the other day said that maybe this is the Euro's mom ...