The Chinese Yuan As A Global Currency

The purpose of this article is to assess the status of the Chinese yuan as a global reserve currency. To do this, the following tasks are set: to analyze the share of the Chinese yuan among other world reserve currencies, the growth of the share of the Chinese yuan in international settlements and in the global financial market, to assess the prospects for the formation of the yuan as a full-fledged world currency.
The scientific significance of the work lies in determining the prospects for the spread of the Chinese yuan in foreign trade operations between developed and developing countries. The practical significance of the work lies in the fact that the results of the study can be used as a basis for the analytical work of an international economist in building investment strategies and forecasting the monetary policy of Central banks.
The hypothesis is formulated that the Chinese government will not allow the yuan to become a fullfledged world reserve currency due to the risks caused by the internationalization of the currency.
The reasons for the inclusion of the Chinese yuan in the basket of special drawing rights of the International Monetary Fund and the prospects for the growth of its role as a global reserve currency are considered.

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