Harvard economist Kenneth Rogoff says China's yuan will become a reserve currency within five years as nations rush to diversify.

China is seizing an opportunity to challenge American dominance in global finance and exert greater international influence at the expense of the all-powerful US dollar. Geopolitical uncertainty – ...

Chinese President Xi Jinping has explicitly revealed his ambition to make the yuan a second key global reserve currency challenging the U.S. dollar’s dominance, drawing attention to whether the yuan’s ...

One of the more intriguing financial trends that has gained popularity in recent years is the de-dollarization movement. De-dollarization is an effort by a growing number of countries to reduce ...

Xi Jinping has laid out an explicit goal for China’s currency, urging that the renminbi evolve into a widely used international unit that can eventually be held as a reserve currency. In an essay ...