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2 August 2011 Last updated at 11:52 ET US debt crisis turns focus on yuan as reserve currency
By Juliana Liu Business reporter, BBC News 
China is trying to internationalise its currency
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Washington may have averted a debt default by compromising on how to cut the US budget deficit, but underlying problems remain and those economic woes are driving a global search for an alternative reserve currency.
Officials, from the head of the International Monetary Fund (IMF) to the Philippines finance minister, have warned that the US dollar may lose its reserve status.
Continue reading the main story
By Juliana Liu Business reporter, BBC News China is trying to internationalise its currency
Continue reading the main story
Washington may have averted a debt default by compromising on how to cut the US budget deficit, but underlying problems remain and those economic woes are driving a global search for an alternative reserve currency.
Officials, from the head of the International Monetary Fund (IMF) to the Philippines finance minister, have warned that the US dollar may lose its reserve status.
Continue reading the main story