Why Africa needs to adopt China yuan as reserve cash

It is without doubt that China is an emerging superpower. China’s rising political and economic power is evident in all aspects of the global economy. It’s playing a critical role in shaping the world’s development agenda.

This is manifested in China’s own agenda in G20, the International Monetary Fund (IMF) and the monetary and financial system, international trade and investment policies including those policies aimed at internationalisation of the Chinese yuan — renminbi — its official currency.