Last week, a senior Bank of Japan official downplayed the potential for China’s digital yuan to threaten the US dollar’s position as the world’s main reserve currency. Photo: Reuters Last week, a senior Bank of Japan official downplayed the potential for China’s digital yuan to threaten the US dollar’s position as the world’s main reserve currency. Photo: Reuters
Last week, a senior Bank of Japan official downplayed the potential for China’s digital yuan to threaten the US dollar’s position as the world’s main reserve currency. Photo: Reuters

China’s yuan internationalisation goal ‘is not to replace US dollar’, top banking official insists

  • China’s efforts to promote its digital currency, as well as the internationalisation of the yuan, had caused concerns it wanted to topple the US dollar as the world’s main reserve currency
  • New People’s Bank of China (PBOC) deputy governor Li Bo also confirmed that there remains no timeline for a nationwide rollout of the digital yuan

Topic |   Currency war
Last week, a senior Bank of Japan official downplayed the potential for China’s digital yuan to threaten the US dollar’s position as the world’s main reserve currency. Photo: Reuters Last week, a senior Bank of Japan official downplayed the potential for China’s digital yuan to threaten the US dollar’s position as the world’s main reserve currency. Photo: Reuters
Last week, a senior Bank of Japan official downplayed the potential for China’s digital yuan to threaten the US dollar’s position as the world’s main reserve currency. Photo: Reuters
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