Skip to main content

Cookies and Privacy

We use cookies to improve your experience on our website. To find out more, read our updated Cookie policy, Privacy policy and Terms & Conditions

Burning dollar Tom Stoddart Archive/Getty Images

DEBATE: The Dollar at Bay?

President Xi Jinping wants China to take center stage in world affairs, and with China's economy expected to overtake America’s, perhaps during Xi’s presidency, he could get his wish. Will China’s dynamism – and Donald Trump’s carelessness – lead to the renminbi replacing the dollar as the world’s main reserve currency?

Featured in this Big Picture

  1. Barry Eichengreen Barry Eichengreen
  2. Paola Subacchi Paola Subacchi

We hope you're enjoying Project Syndicate.

To continue reading, subscribe now.

Subscribe

or

Register for FREE to access two premium articles per month.

Register

https://prosyn.org/0rCzH1D;

Handpicked to read next

Dollar notes VCG/Getty Images

The Demise of Dollar Diplomacy?

Barry Eichengreen

Pundits have been saying last rites for the dollar’s global dominance since the 1960s – that is, for more than half a century now. But the pundits may finally be right, because the greenback's dominance has been sustained by geopolitical alliances that are now fraying badly.

shows how President Donald Trump's contempt for US allies could weaken the greenback.

Edit Newsletter Preferences

Set up Notification

To receive email updates regarding this {entity_type}, please enter your email below.

If you are not already registered, this will create a PS account for you. You should receive an activation email shortly.