✉news BusinessBanking first seen 21 h ago, last 12 h ago, peak #2
The yuan stalls as a reserve currency
China's currency is failing to make further inroads as a global reserve asset. Despite Beijing's long-running push to internationalise the yuan, central banks worldwide appear reluctant to shift reserves away from the dollar and euro, leaving the currency's global share stalled.
Why now: Renewed debate over de-dollarisation and the yuan's limited global role is keeping the topic in focus.
Evidence
- The yuan stalls as a reserve currency · GIS Reports
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