Commentary
For some years now, financial media have speculated about when China’s yuan will replace the U.S. dollar as the world’s premier international currency—what bankers and currency traders refer to as the “global reserve.”
Thinking About China
Opinion
The Yuan Will Not Replace the Dollar Any Time Soon, If Ever
Though Beijing would like to see the yuan supplant the dollar as the world’s premier international currency, China’s currency faces a steep uphill battle.
A Chinese bank worker prepares to count U.S. dollar bills and a stack of 100 yuan notes at a bank in Hefei, China, on March 9, 2010. STR/AFP via Getty Images
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
