Why China’s Yuan Can’t Replace the U.S. Dollar

Why China’s Yuan Can’t Replace the U.S. Dollar

It would take years for the yuan to unwind the dollar's well-entrenched dominance over global transactions.

For several years, the global financial media has speculated on when China’s renminbi (yuan) would replace the U.S. dollar (dollar) as the world’s most dominant international currency, known to bankers and money dealers as the “global reserve”.

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