Why renminbi internationalisation is showing signs of ‘stalling out’

The internationalisation of the renminbi has always been a strong focus for Beijing, but a recent IMF report suggests it could be losing ground to other non-traditional reserve currencies.

By Peter Shadbolt

Jul 10, 2024

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Despite its strong valuation, the US dollar’s share of global foreign exchange reserves has been gradually decreasing over the past two decades – a steady decline that can be attributed to a host of factors.

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