Broaden renminbi use to curb dollar influence: ex-HKMA’s Yam


Expanding the renminbi's role as a reserve currency is pivotal in checking the dominance of the dollar and strengthening the international monetary system, Joseph Yam, the former chief executive of the Hong Kong Monetary Authority (HKMA), said Wednesday.

In remarks to a forum in Beijing reported by Dow Jones Newswires, Yam said pragmatism dictated that the best way to strengthen the international system was to expand the range of common reserve currencies. "With the euro and the yen, to varying

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: