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Is the Yuan About to Replace the Dollar as the World's Reserve Currency?

Ray180 Wrote: Nov 06, 2012 5:45 AM
'Humans can always be counted on to assert with vigor their God-given right to be stupid.' --Dean Koontz

Once again we are seeing articles and research papers stating the Chinese renminbi (yuan) is about to replace the dollar as the global reserve currency.

Here is a working paper by Arvind Subramanian and Martin Kessler at the Peterson Institute of International Economics stating The Renminbi Bloc is Here: Asia Down, Rest of the World to Go?.

A country’s rise to economic dominance tends to be accompanied by its currency becoming a reference point, with other currencies...
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