Do you believe that yuan will soon substitute dollar and become the world’s reserve currency?

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Сможет ли юань заменить доллар на мировом валютном рынке?

Юань и доллар - мировая валюта

China is the world’s biggest exporter and the second biggest importer; it has easily the world’s largest currency reserves and is expected to overtake the US as the world’s largest economy in just a few years. At the same time China does not have an international currency. Despite the fact that today the US dollar has a key role in the international monetary system, the yuan is growing in popularity, becoming the fifth most-used currency in the world in November 2014. It's now surpassed the Canadian and Australian dollars, and rose from the 13th place in 2012.
However, for the yuan to become a new world currency, China must liberalize its capital markets. To do this risks more open financial and political systems. Chinese leaders are slowly trying to figure out how to do this without releasing control or sliding into democracy. This will take time. Second, central banks' reserve allocations will need to come into line with China's global share of international trade and GDP, which is approximately 10-11%. That means about $700 billion worth of yuan will be purchased by central banks alone.