Opinion: Money Can Be a ‘Weapon of Disruption’

Photo: VCG
Photo: VCG

The growing risk of a U.S.-China trade war poses the question of whether such a conflict could escalate to include a currency war. So far, the U.S. Treasury Department has not designated China a currency manipulator, as China’s current account surplus has declined substantially and the yuan has been appreciating against the U.S. dollar.

We should therefore think through the full implications of broadening the concept of money into a geopolitical perspective.

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