Article2013

Can the Renminbi Rise as a Global Currency?

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Global Financial Crisis and Policies International Relations and Foreign Policy World Systems and Global Transformations

Abstract

Chinese replacement of the U.S. dollar by the renminbi as the leading international currency appears unlikely, at least in the foreseeable future, owing to weakness in China’s international political power and its economy, but the renminbi could develop into an Asian regional currency to some extent.

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