Two Reasons Why the Yuan Won’t Be Reserve Currency Soon

Many people are unhappy with the U.S. dollar as the world’s reserve currency. The problem is that alternatives are few and far between.
Two Reasons Why the Yuan Won’t Be Reserve Currency Soon
Chinese President Xi Jinping attends a signing ceremony with Ugandan President Yoweri Kaguta Museveni in the Great Hall of the People on March 31, 2015 in Beijing, China. Xi would certainly like to lead the way for China to become world reserve currency, but is it possible? Feng Li/Getty Images
Valentin Schmid
Updated:

Many people are unhappy with the U.S. dollar as the world’s reserve currency. The problem is that alternatives are few and far between. The euro almost fell apart before it even got started and the Japanese yen has its own problems.

Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
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