Opinions

Between Dollar and Dragon: Geopolitics of Rising Yuan 

By Sobir Kurbanov, Vlad Paddack on 11 February 2026

The U.S. dollar still anchors global finance, but the system is evolving at the margins. The Chinese renminbi remains a small reserve currency at just over 2 percent of disclosed global official reserves versus roughly 58 percent for the dollar and around 20 percent for the euro. However, its...