Yuan’s ‘golden window’ is open, former PBOC governor says as US dollar ebbs
- Posted on April 13, 2026
- By South China Morning Post
- 0 Views
In brief
Former People's Bank of China governor Zhou Xiaochuan highlights a strategic opportunity for Beijing to advance yuan internationalization amid shifting global monetary dynamics. As the US dollar's dominance weakens, China can leverage favorable market conditions to strengthen its currency's role in international trade and finance, potentially reshaping the global financial architecture and reducing dependence on Western monetary systems.
Yuan’s ‘golden window’ is open, former PBOC governor says as US dollar ebbs
Zhou Xiaochuan, who laid the foundation for China’s currency to go global, says Beijing can capitalise on changes in the international monetary landscape.
