Has the Chinese yuan's rise in global usage hit a wall?
Martin Chorzempa (PIIE)
The Chinese yuan's growth as a global payment currency has gone into reverse despite an impressive surge following Russia's 2022 invasion of Ukraine. Far from ditching the dollar, China is still tightly tied up in dollar-based global financial networks.
Sipa USA/Graeme Sloan
REUTERS/Carlos Osorio
Subscribe to PIIE Insider!
Weekly newsletter with the latest insights
US Federal Reserve
Tariffs
Inflation
China
Resources
PIIE Chart
RealTime Economics
Microsite
Title
Microsite
Title