# Dollar Vs. Yuan: China Must Add Greenbacks to Boost Renminbi, Study Says - Markets Insider

> A new paper from the Centre for Economic Policy and Research, authored by Barry Eichengreen and Camille Macaire, argues China must promise a stable dollar-conversion rate and accept dollar payments for exports to boost yuan adoption. The authors say the yuan will not overtake the dollar as the main reserve currency.

- Date: 2022-07-25 · published 2022-07-25T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/40703-dollar-vs-yuan-china-must-add-greenbacks-to-boost-renminbi-study-says-markets
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

This is a research paper on long-term reserve currency status with no near-term effect on feed commodity supply, demand or prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-08-25 | [Dollar Vs. Yuan: China Acts to Prop up Faltering Currency With Strong Fix - Markets Insider](https://feedsoft.ai/events/40264-dollar-vs-yuan-china-acts-to-prop-up-faltering-currency-with-strong-fix-markets.md) | +0.5% | +3.2% |
| USDCNY | 2017-01-03 | [China's yuan may see more volatility vs dollar after basket change \| Reuters](https://feedsoft.ai/events/10252-china-s-yuan-may-see-more-volatility-vs-dollar-after-basket-change-reuters.md) | -0.1% | -1.0% |
| USDCNY | 2017-01-01 | [China tweaks yuan basket to play down US dollar \| South China Morning Post](https://feedsoft.ai/events/73191-china-tweaks-yuan-basket-to-play-down-us-dollar-south-china-morning-post.md) | -0.1% | -1.0% |
| USDCNY | 2024-12-31 | [China to lower dollar, euro and yen weightings in CFETS yuan basket in 2025](https://feedsoft.ai/events/27166-china-to-lower-dollar-euro-and-yen-weightings-in-cfets-yuan-basket-in-2025.md) | +0.4% | -0.8% |
| USDCNY | 2025-05-08 | [China’s yuan slips as PBOC guides currency lower - Markets - Business Recorder](https://feedsoft.ai/events/9620-china-s-yuan-slips-as-pboc-guides-currency-lower-markets-business-recorder.md) | -0.2% | -0.7% |

## Sources

- markets.businessinsider.com: https://markets.businessinsider.com/news/currencies/dollar-vs-yuan-china-us-reserves-renminbi-global-currency-trade-2022-7

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.