China’s Central Bank Governor Envisions the End of US Dollar Dominance

China’s central bank governor, Pan Gongsheng, has indicated that a new global currency order may emerge, challenging the long-standing dominance of the U.S. dollar. Speaking at a financial forum in Shanghai, Pan emphasized the need for a “multi-polar international monetary system” where multiple sovereign currencies coexist and compete. He highlighted the renminbi’s growing role, noting […]