A Primer On Reserve Currencies

Reserves grew more than gross domestic product (GDP) and imports in many countries. The only ratio that is relatively stable is foreign reserves over M2.[7] Below are some theories that can explain this trend. China has been trying to boost the global role of the renminbi, also known as the yuan, since the late 2000s.

This Congressional Research Service report [PDF] examines the debate over exchange rates and currency manipulation. Treasury Secretary Janet Yellen, say that the aggressive use of sanctions could threaten the dollar’s hegemony. “Sanctions are Should i invest in tesla an effective tool, but we have to be careful,” CFR’s Benn Steil told NPR.