Yuan to Account for 10 Percent of World Reserves by 2025: Survey
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China’s currency will account for 10 percent of world reserves by 2025 with Asian monetary authorities showing the most support, according to a survey of central banks carried out in March.
The yuan will make up an estimated 2.9 percent of foreign-exchange stockpiles by the end of this year, based on the Central Banking Publications survey sponsored by HSBC Holdings Plc. It includes responses from 72 monetary authorities with $5.9 trillion in reserves. Thirty-five said they either hold yuan or are considering doing so.