Director of the Research Bureau of the Central Bank, Wang Xin: The future status of the US dollar depends on two aspects. The market's confidence in the US dollar has already declined.

GateUser-6433627c · 2025-06-18T08:18:58+00:00

The Director of the Research Bureau of the Central Bank, Wang Xin, stated that the future status of the dollar will be influenced by U.S. economic policies and the developments of other major currencies. Currently, market confidence in the dollar has declined. The competition for major currencies can promote better improvements.

GateUser-6433627c

2025-06-18 08:18:58

Abstract generation in progress

Today at the 2025 Lujiazui Forum, Wang Xin, director (director) of the Research Bureau (Counselor’s Office) of the People’s Bank of China, said that the future status of the dollar, on the one hand, depends on the US economy and US policy, and we have seen great changes and have seen a decline in confidence in the US dollar. On the other hand, it also depends on the development of other major currencies and other major currency issuers, which is a combined result. Generally speaking, it would be a better improvement to move from a system that relies too heavily on the dollar to a system in which several major currencies compete with each other, with some kind of constraints and incentives on the policies of the major currency issuers. ( gold ten )

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