> What would China actually need to do to make the RMB a global reserve currency?
My understanding is that in the long-run, you cannot be the world’s reserve currency AND hold a trade surplus. It is called the Triffin Dilemma.
My understanding is that in the long-run, you cannot be the world’s reserve currency AND hold a trade surplus. It is called the Triffin Dilemma.
Oh, and they have to let it freely float, obviously.