The Big Take Asia Podcast

Could the Chinese Yuan Ever Replace the US Dollar?

On today’s Big Take Asia podcast, what would it mean for the global economy if the dollar were no longer king?

Yuan and US dollar banknotes.
Photographer: Paul Yeung/Bloomberg

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By K Oanh Ha, Yang Yang, and Jessica Beck

September 24, 2024 at 5:00 PM EDT

Updated on

September 25, 2024 at 2:14 AM EDT

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Talk of de-dollarization has been gaining momentum among China, India, Brazil, Russia and South Africa in the wake of significant US led sanctions on Russia. Former US President and candidate Donald Trump has said the currency is under attack — and that any country that shuns it would face new tariffs on imports if he is elected.