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Keyword: Chinese Yuan

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Daily News Analysis

China’s yuan goes global in challenge to US dollar

Crescent International

Dhu al-Hijjah 26, 14362015-10-10

Has the US dollar finally met is match as a global reserve currency? Since the Second World War, the dollar has held sway thereby boosting America's economy but as with its military, so with its currency, challengers have emerged. China has made a strong presence by introducing an alternate currency clearance system through the China International Payment System to bypass the European-based SWIFT. Is the US dollar about to lose its clout...

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