CHINA US Focus - Perspectives shaping the world's most important bilateral relationship

Indonesia's central bank has begun buying yuan-denominated bonds issued in mainland China, joining a growing number of countries moving to add the Chinese currency to their foreign-exchange reserves.

 

Concerns over the long-term prospects of the U.S. dollar and a weakening euro have led some countries to look at the yuan as an alternative to add to their official stockpiles of foreign-currency funds. Chinese officials, who keep the currency under tight control, have encouraged the move as part of their push for a greater role for the yuan in international trade and investment.