Currency Confidence
Source: Xinhua |
June 18, 2010, Friday
|
Print Edition
Print Edition
THE yuan would develop as an international currency, a former Chinese central bank governor said in Taipei yesterday.
Dai Xianglong, governor of the People's Bank of China from 1995 to 2002, told a seminar in Taipei that the international financial system would be quite different after the global economic crisis.
"The United States dollar will retain its dominance, but in the long term, will have a tendency to depreciate," he said.
Dai said that currencies of emerging economies, including the yuan, will quickly become international currencies.
Dai Xianglong, governor of the People's Bank of China from 1995 to 2002, told a seminar in Taipei that the international financial system would be quite different after the global economic crisis.
"The United States dollar will retain its dominance, but in the long term, will have a tendency to depreciate," he said.
Dai said that currencies of emerging economies, including the yuan, will quickly become international currencies.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
