Renminbi to be reserve currency in less than five years: CB.com poll

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A poll that has been live on CentralBanking.com for a month reveals 50% of voters believe the renminbi will become a reserve currency in less than five years.

Of the 119 votes, 57 said they thought the Chinese currency will account for 5% of global reserves before the end of 2016.

The other results saw 19% say they thought it would take six to 10 years, just 5% said 11–15 years, 6% voted for more than 16 years and 20% vetoed the idea, saying the renminbi will never become a reserve currency.

The

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