Terms

Chinese Yuan

Nick Name
Yuan
Parent term
The Yuan is the official currency of the People's Republic of China

Reasons Why Chinese Juan May Not Make A Formidable Challenge to the US Dollar As Reserve Currency
  • There is not a large bond market (to invest funds in)
  • The rule of law is China is not great
  • There is not yet an established network of third parties to support it as as a currency (intermediaries, dealers, etc.)