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 ...

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 ...

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 ...

As one financial analyst notes, “Typically, the world’s reserve currency—the U.S. dollar—has given the U.S. a special ...

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 ...

China’s currency has weakened to a 16-month low following ... prospects for the world’s second-largest economy. The onshore renminbi fell 0.1 per cent to Rmb7.33 against the dollar on ...