The International Monetary Fund’s decision to add the Chinese yuan to its basket of elite global currencies gives China a significant boost as it seeks to expand its international influence and rival the global economic order long dominated by the American dollar and economy. No one expects the...
Similar Stories to Why Making China's Yuan An International Reserve Currency Matters on Bing News
Don Lee, Los Angeles Times: World
Mon, 11/30/2015 - 2:36pm
BING NEWS:
- China’s gold-buying spree could be the straw that breaks the dollar’s back
Some commentators have spent decades predicting the imminent demise of the US dollar’s special status as the world’s international reserve currency. Eventually, they will be right, and that day may be ...
05/5/2024 - 4:00 am | View Link - Yen's Plunge Raises Specter Of New Asia Currency Crisis
TOKYO - The Japanese yen's12% plunge this year has traders wondering if the Group of Seven might have a currency crisis within their ranks.
05/1/2024 - 1:23 am | View Link - Sliding yen stirs fear of China yuan devaluation that could rock global markets
Speculation about a potential devaluation of the Chinese yuan is intensifying as the Japanese yen falls to its weakest level against the U.S. dollar in decades.
04/30/2024 - 3:34 am | View Link - Dollar dominance could give way to a 'tripolar' currency system as China's yuan and the euro rise on the world stage
"With capital controls, it would be difficult for the [yuan] to become a viable international currency," economist Stephen Jen told Insider.
06/2/2023 - 12:51 am | View Link - More
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