Beijing will encourage the AIIB and the Silk Road Fund to set up special currency funds. Photo: AFP Beijing will encourage the AIIB and the Silk Road Fund to set up special currency funds. Photo: AFP
Beijing will encourage the AIIB and the Silk Road Fund to set up special currency funds. Photo: AFP
China

China seeks role for yuan in AIIB to extend currency’s global reach

Effort part of ongoing drive to extend the yuan’s international reach and challenge the greenback’s global dominance in finance

Topic |   Asian Infrastructure Investment Bank
Cary Huang
Cary Huang

Updated: 2:54pm, 20 Jul, 2018

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Beijing will encourage the AIIB and the Silk Road Fund to set up special currency funds. Photo: AFP Beijing will encourage the AIIB and the Silk Road Fund to set up special currency funds. Photo: AFP
Beijing will encourage the AIIB and the Silk Road Fund to set up special currency funds. Photo: AFP
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