Highly unlikely that China would have any desire for the yuan to become a reserve currency since they want to be able to control its value on the global market. What’s far more likely is that we’ll see a BRICS backed currency along the lines of Bancor that Keynes advocated for emerge.
Highly unlikely that China would have any desire for the yuan to become a reserve currency since they want to be able to control its value on the global market. What’s far more likely is that we’ll see a BRICS backed currency along the lines of Bancor that Keynes advocated for emerge.