✉news BusinessBanking first seen 3 d ago, last 3 d ago, peak #22
Former IMF executive urges internationalisation of China's yuan
Original: Former IMF executive says China and world need internationalised yuan
A former International Monetary Fund executive has argued that both China and the wider world would benefit from a more internationalised Chinese yuan. The remarks, reported by the South China Morning Post, add to ongoing debate over the currency's global role, as China seeks to reduce reliance on the US dollar in trade and finance while investors weigh alternatives amid shifting geopolitics.
Why now: Debate over de-dollarisation and the yuan's role in global trade is intensifying
International Monetary FundChinaSouth China Morning Postyuan
Evidence
- Former IMF executive says China and world need internationalised yuan · South China Morning Post
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