I did not take the article nor mean to imply that it would be THE world reserve currency but simply it was transforming from a domestic currency to one that would be used for world trade by being accepted by its trading partners rather than using US dollars or euros for what the Chinese need to buy. Big difference. They are a long way from becoming the world reserve currency and likely never will (more likely to be a basket of currencies of which it could be a part) but I think it most likely will begin being used for world trade on their own account. As the article states, several countries have already started accepting the Renminbi for trade with China rather than using the world reserve currency, the US dollar.

It does not have to replace the dollar as world reserve currency to make a big impact. Simply displacing some of the dollars use could be significant.

John