The world might drift towards a multiple reserve-currency system shared among the dollar, the euro and - sometime in the future - the renminbi. Photo: AFP
The world might drift towards a multiple reserve-currency system shared among the dollar, the euro and - sometime in the future - the renminbi. Photo: AFP

Vying for a spot in the new monetary order

Alessandro Magnoli Bocchi says the exchange-rate volatility of recent years underlines the need for a more diverse global monetary system

The world might drift towards a multiple reserve-currency system shared among the dollar, the euro and - sometime in the future - the renminbi. Photo: AFP
The world might drift towards a multiple reserve-currency system shared among the dollar, the euro and - sometime in the future - the renminbi. Photo: AFP
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