China In Context

Can the yuan challenge the dollar as a global currency?

April 11, 2023 SOAS China Institute Season 3 Episode 108
China In Context
Can the yuan challenge the dollar as a global currency?
Show Notes

Xi Jinping has an ambition to make the yuan a currency that is in widespread use internationally. Russia now accepts Chinese yuan in exchange for oil and gas and Brazil is also considering using yuan, rather than dollars, when trading with China. In this podcast, experts consider the role of the yuan in international finance and the risks involved. Zuri Linetsky, research fellow at the Eurasia Group Foundation in Washington, DC discusses the topic with Daniel McDowell, Associate Professor of Political Science at the Maxwell School of Citizenship and Public Affairs at Syracuse University in the United States.