Between Dollar and Dragon: Geopolitics of Rising Yuan

The Astana Times provides news and information from Kazakhstan and around the world. The U.S. dollar still anchors global finance, but the system is evolving at the margins. The Chinese renminbi remains a small reserve currency at just over 2 percent of disclosed global official reserves versus roughly 58 percent for the dollar and around 20 percent for the euro. However, its role in payments and trade finance… The post Between Dollar and Dragon: Geopolitics of Rising Yuan appeared first on The Astana Times.