The world no longer needs a reserve currency

The world no longer needs a reserve currency

Xi Jinping wants the renminbi to become a reserve currency, with US economist Kenneth Rogoff predicting this week that such an eventuality would happen in the next five years. This is never going to happen. The simple reason is that, on current trends, the world will no longer need a reserve currency. To see how [...]Read More...

Rogoff links yuan’s global reserve ambitions to Xi’s policy

Kenneth Rogoff believes China's yuan could become a global reserve currency with current policy momentum. He underlined China's need to expand bond market access and build financial infrastructure beyond SWIFT. Continue Reading:Rogoff links yuan’s global reserve ambitions to Xi’s policy push a...

Yuan, Not Crypto, Will Challenge Dollar Within 5 Years

The post Yuan, Not Crypto, Will Challenge Dollar Within 5 Years appeared on BitcoinEthereumNews.com. Harvard economist Kenneth Rogoff believes the Chinese yuan will become a global reserve currency within five years. He argues that President Xi Jinping’s explicit call for yuan internationalization marks a turning point. Rogoff says investors worldwide are desperate to diversify away from the US dollar, making China’s push well-timed. China’s Pat…

Yuan's Rise as Global Reserve Currency: What Rogoff's Forecast Means for Dollar Dominance

Harvard economist Kenneth Rogoff is making a bold prediction: the Chinese yuan could achieve global reserve currency status within five years. Rogoff points to President Xi Jinpings explicit push for yuan internationalization as a defining moment in the ongoing shift away from dollar dependency. With investors worldwide actively seeking alternatives to the US dollar, Chinas timing may prove strategically sound. For the yuan to compete on the wor…