Will the Yuan Replace the Dollar?

Will the Yuan Replace the Dollar?
A bank teller counts the stack of Chinese yuan and U.S. dollars at a bank in Shanghai, China, on July 22, 2005. STR/AFP/Getty Images
James Gorrie
Updated:
0:00
Commentary

With the International Monetary Fund (IMF) now allowing countries to pay dollar-denominated debt in the Chinese yuan, what does that mean for the U.S. dollar?

James Gorrie
James Gorrie
Author
James R. Gorrie is the author of “The China Crisis” (Wiley, 2013) and writes on his blog, TheBananaRepublican.com. He is based in Southern California.
twitter
Related Topics