Could the Renminbi Challenge the Dollar?

Renminbi usage is expanding globally, but the odds that it will become a safe-haven currency like the dollar may depend on broad institutional and political change inside China itself. “Follow the money,” goes the saying. And, in fact, the money – that is, the changing roles of the renminbi and the US dollar – is perhaps the best way to understand the rise of China in a … http://ceip.org/2owEIwU

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