✉news BusinessBanking first seen 1 d ago, last 20 h ago, peak #23
The yuan stalls as an international reserve currency
The Chinese yuan's advance toward becoming a major international reserve currency has stalled, according to a new analysis. Despite Beijing's long-running efforts to internationalise the currency, the renminbi's share of global reserves remains limited, with the US dollar continuing to dominate central bank holdings worldwide.
Why now: Ongoing debate over de-dollarisation and the yuan's prospects amid shifting global geopolitics
Evidence
- The yuan stalls as an international reserve currency · GIS Reports
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