Friday, February 28, 2014

Survey: Yuan to supersede dollar as top reserve currency


Ansuya Harjani
CNBC
February 28, 2014


The tightly controlled Chinese yuan will eventually supersede the dollar as the top international reserve currency, according to a new poll of institutional investors.


The survey of 200 institutional investors – 100 headquartered in mainland China and 100 outside of it – published by State Street and the Economist Intelligence Unit on Thursday found 53 percent of investors think the renminbi will surpass the U.S. dollar as the world’s major reserve currency.


Optimism was higher within China, where 62 percent said they saw a redback world on the horizon, compared with 43 percent outside China.


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This article was posted: Friday, February 28, 2014 at 2:28 pm










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Survey: Yuan to supersede dollar as top reserve currency

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