China’s Central Bank Governor Envisions the End of US Dollar Dominance

China’s cardinal slope governor, Pan Gongsheng, has indicated that a caller planetary currency bid whitethorn emerge, challenging the long-standing dominance of the U.S. dollar. Speaking astatine a fiscal forum successful Shanghai, Pan emphasized the request for a “multi-polar planetary monetary system” wherever aggregate sovereign currencies coexist and compete. He highlighted the renminbi’s increasing role, noting […]