| Ledovskikh Andrey Yurevich, Somova Olga Victorovna, Gladkov Konstantin Vladimirovich
Yuan as a promising global reserve currency
ID number: J201924
Abstract: The yuan was included in the list of reserve currencies not so long ago, but although it refers to limited convertible currencies, it still has a great international use, both in international trade transactions and in using the yuan as a reserve currency. The article provides a brief analysis of the historical formation of the yuan currency, as well as an economic analysis of the current situation of the yuan on the world market. The article explores the potential for further strengthening the yuan in the international arena and strengthening its position as a global reserve currency. Also made a forecast of prospects for the expansion of the zone of influence and the use of the yuan on the world stage.
Key-words: reserve currency, Yuan, China, Forex, International Monetary Fund (IMF), SWIFT, Yuan in world trade
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