China’s central bank governor has said he expects a new global currency order to emerge after decades of dominance by the US dollar, with the renminbi competing in a “multi-polar international monetary system”.
中国央行(PBoC)行长表示，他预计在美元主导世界几十年后，新的全球货币秩序将会出现，而人民币会在一个“多极化”的“国际货币体系”中参与竞争。
Speaking at China’s flagship financial forum in Shanghai, Pan Gongsheng said the US dollar had “established its dominance” after the second world war and “retained its status up till now”. He warned of “excessive reliance” on a single currency.
潘功胜在陆家嘴论坛上发表演讲，称美元在二战后“确立主导地位并延续至今”。他就“过度依赖”单一货币发出警告。
“In the future, the global monetary system may continue to evolve towards a pattern in which a few sovereign currencies coexist, compete with each other, and check and balance each other,” he said, pointing to a growing role for the renminbi.
“未来，国际货币体系可能继续朝着少数几个主权货币并存、相互竞争、相互制衡的格局演进。”他指出，人民币将发挥越来越大的作用。