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As the Chinese yuan becomes a currency of choice for trade among BRICS countries, the notion of "de-dollarization" has once again made headlines before the BRICS summit in Johannesburg in three weeks' time. Leslie Maasdorp, vice president and CFO of the New Development Bank, tells CGTN's Wang Guan that even though the yuan constitutes only a small portion of the global currency reserves, as a reserve currency, its use as a currency of trade and settlement has increased over the past decade. More central banks have included the yuan in their foreign reserves, while more countries are settling trade with China in local currency. China remains committed to the internationalization of the yuan, he said.
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466