By World Policy Journal
The Chinese yuan, also known as the renminbi, is poised to become a global reserve currency—a move that would drastically impact the world’s fastest growing economy. While introducing the renminbi as a reserve currency could yield profitable results, it could also make the currency volatile and unpredictable.
A feature article from our Summer 2014 issue, “The Indomitable Renminbi,” discusses the rise of the powerful Chinese currency. Author Donald Straszheim contends that the Chinese government must make specific and concrete fiscal reforms to ensure the renminbi retains its indomitable status.
As a companion piece to the article, World Policy Journal has compiled an interactive timeline outlining the history of Chinese currency management in the 21st century.
Interactive timeline produced by Grant Olcott and Harrison Stetler, editorial assistants at World Policy Journal.