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Asian Economy

By in Asia on May 17, 2020
ASIA • Economy
Yuan internationalisation goal ‘is not to replace US dollar’, top China banking official insists
April 19, 2021
China has played down US concerns about its ambitions for the yuan, with the new deputy governor of the People’s Bank of China (PBOC) insisting “our goal is not to replace the US dollar or any other international currency”.The gathering momentum of China’s digital currency efforts has caught the attention of various American officials, with the US Treasury, State Department, Pentagon and National Security Council reported to be bolstering their efforts to understand the potential implications…
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