| China's currency yuan is expected to become an important global reserve currency, although it will not challenge the US dollar's dominant role in the international monetary system, said a US economist on Wednesday.
In the short term, the US dollar's status in the world remains unrivaled, but in the long run, there would be a different picture if the US economy fails to support its global privilege, Barry Eighengreen, professor of Economics and Political Science at the University of California, Berkeley, said at a book discussion event at the International Monetary Fund (IMF) in Washington..............................................Full Article: Source |