Will the yuan overtake the dollar?

The possibility of the Yuan replacing the US dollar as the primary global currency for reserves and international transactions is remote. Despite China's growing economic power, the Yuan faces significant hurdles in gaining widespread international acceptance and liquidity.

The primary reason for this lies in the lack of international liquidity of the Yuan. The US dollar's status as the world's reserve currency is heavily influenced by its widespread use and the availability of liquid assets denominated in it.

Additionally, China maintains a current account surplus, indicating that its exports exceed its imports. This surplus is generally a sign of economic strength, but it also suggests that the Yuan is not in high demand for international transactions.

Even though China engages in robust foreign direct investment (FDI) activities, its overall account remains in surplus. This further underlines the fact that the Yuan is not a heavily traded currency on the international stage.

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