China’s Currency Unlikely to Topple US Dollar as World’s Reserve Currency
China’s currency, the RMB, is unlikely to internationalize in the short term The world needs to better understand how Beijing views its global responsibilities Davos-Klosters, Switzerland, 26 January 2013 – China’s currency, the renminbi (RMB), will probably not supplant the US dollar as the world’s reserve currency, except possibly “in the very long term”, said Lawrence …