Chinese yuan in circulation totals €53 trillion versus €23 trillion for U.S. dollar, Jeroen Blokland notes

Chinese yuan in circulation totals €53 trillion versus €23 trillion for U.S. dollar, Jeroen Blokland notes
Chinese yuan surpasses U.S. dollar supply

Jeroen Blokland highlights the large amount of Chinese money in circulation, noting that there are now more than twice as many Chinese yuan in circulation as U.S. dollars. According to Blokland, the total value equates to approximately €53 trillion compared to €23 trillion for the U.S. dollar.

He emphasizes that these are staggering amounts, particularly when considering that a significant portion of these funds is accounted for within their respective economies.

Blokland has previously commented on commodity investments, noting his preference for direct physical gold ownership in Switzerland over gold ETFs. He has also recently discussed energy markets, citing a 30 percent rise in Brent oil prices amid U.S.-Iran tensions. These posts reflect his ongoing focus on global monetary and commodity developments.

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