Xi Says Yuan Must Become a Global Reserve Currency

Xi says yuan must become a global reserve currency

Xi calls for Yuan to become global reserve currency

The move would be essential for Beijing to turn into a true “financial powerhouse,” the president saidA bank employee is counting the Chinese Yuan. © Getty Images / CFOTOChina’s yuan must become a global reserve currency, Chinese President Xi Jinping has said.The yuan (renminbi) became the second most-used trade finance currency after the dollar following the escalation of the Ukraine conflict in February 2022, as sanctions targeting Moscow prom…