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HomeNewsOpinionThe fundamental reason China will struggle to dethrone the dollar

The fundamental reason China will struggle to dethrone the dollar

Financial Times   •
©The Financial Times Limited 2020 Aug 31, 2023 / 04:40 PM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.

Making a currency a global standard demands deep trust in its issuer’s openness and reliability 

The European desire to challenge the dollar — expressed forcefully in 2010 by Nicolas Sarkozy, then French president, following the global financial crisis — seems largely based on envy of its status as a reserve and trading currency

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