The Chinese currency is on track to become more important globally, but is unlikely to challenge the dollar anytime soon THE Chinese economy is now the world’s second largest and a key driver of ...

In the past, the Middle East and Asia had significant current account surpluses by exporting a large amount of oil and ...

The US froze Russia’s dollar assets in 2022 and stunned global holders of US bonds as forex reserves. But the world is stuck ...

As restrictions on cross-border capital mobility are removed and the currency becomes freely convertible, the renminbi will also become a viable reserve currency.­ However, the limited financial ...

COULD THE US DOLLAR LOSE ITS RESERVE CURRENCY STATUS TO CHINA ... And while there has been an increase in the share held in renminbi, that share is trivial at about 2 percent," he explained.

Campanella, Edoardo, and Meg Rithmire. "What Future for the Renminbi in the Global Monetary System?" Chap. 7 in U.S.-China Relations for the 2030s: Toward a Realistic Scenario for Coexistence, edited ...

Thomas Ruecker / Getty Images The term “Chinese yuan renminbi (CNY)” refers to the currency used in the People’s Republic of China. Although it may seem a little confusing because the names ...

The unwinding of the Japanese yen carry trade–in which investors borrow the currency ... Reserve gets ready to start cutting interest rates. Several brokers have turned more bullish on the ...

The RMB’s inclusion in the SDR supports China’s efforts to reduce the world’s dependence on the US dollar as the default reserve currency “The inclusion into the SDR is a milestone in the ...