RMB influence grows but dollar reigns supreme

Apr 2, 2014 : The Chinese currency is growing in influence on the world stage and is on track to become one of the world's reserve currencies within a decade. But Eswar Prasad, senior fellow at the Brookings Institute and author of 'The Dollar Trap', tells the FT's David Pilling that it is unlikely to become a safe haven currency without significant institutional as well as financial reform.
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