Dollar vs yuan: Central banks increasingly want to hold China's currency - Markets Insider


7/4/2022 12:00:00 AM2 years 10 months ago
by Harry Robertson

Central banks think China's currency will benefit from a shift to a "multipolar" world, boosting the appeal of the yuan.

Central banks are increasingly keen to hold China's yuan as a reserve currency, as the country's growing economic and political power threatens to erode the US dollar's global dominance. Some 85% of… [+2374 chars]

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