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Scott Bessent: “The Chinese are trying to create a [currency] to push the US…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Paul Gigot in Conversation with U.S. Treasury Secretary Scott Bessent

Published | Video Starts at 04:12

And I think the, that maybe the Chinese were paying the Iranians in RMB or cny. And look, there's no doubt that the Chinese are trying to create a. I don't know if they want to be The Chinese are trying to create a [currency] to push the US out of it. Different difficult to be a reserve currency when you're not fully convertible and their capital controls. And again with the RMB, I traded currencies pretty well for 35 years. (04:12–04:17)

CLAIM

Asserts that China is attempting to create a currency to replace the U.S. dollar.

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