Internationalization of the Chinese Yuan and its impact on the future of the US Dollar

Abstract EN

This study aims at clarifying the development of the Chinese yuan status in the global economy, especially after the launch of its internationalization process from 2009 to the present day, we are going to elucidate why China is very interested in internationalization its currency? In this study, we relied on the descriptive and analytical approach that relies on analyzing data and statistics about the Chinese currency and the evolution of its global position against the US dollar since the beginning of its internationalization process 2009.

The Chinese currency has known an increasing usage in international transactions, even with these new events which have been caused by the COVID-19.

The importance of this study is to provide a current and future view of the international monetary system in the light of increasing of the international role of the Chinese currency, especially after its internationalization process.