Making New Friends

Welcome to the 104th edition of ፍራንክ Digest!

Your weekly brief on all things Finance and Investing. Quick, enjoyable reads for busy professionals in 5 minutes or less.

Here’s what’s coming your way:

• 🐉 Rise Of The Dragon: Yuan-isation Of Global Finance 

• 💅 The Missing Position: The Finfluencer

• 🖼️ Big Picture

Thanks for reading!

Shifting Global Financial Order

Economy

For decades, the US dollar has been the bedrock of global trade.

Or so we’ve been told.

Care to elaborate? Sure thing.

It all relies on the USD being accepted across the globe because of its wide adoption and control of the main international payment gateway… Society for Worldwide Interbank Financial Telecommunications (SWIFT). A system for a secure and efficient global messaging network and international money transfers.

SWIFT is a member-owned cooperative controlled by the Group of Ten countries' G-10 central banks. These include Belgium, Canada, France, Germany, Italy, Japan, Netherlands, Sweden, Switzerland, the United Kingdom and of course the United States.

Because all countries rely on SWIFT to conduct seamless and secure communication, they are incentivized to remain in good standing with the organization.

However, we are currently witnessing a historic pivot.