Nigerian reserves head believes renminbi can ‘complement’ euro and dollar
Lamido Yuguda discusses the benefits of a multipolar reserve currency system in new book
The renminbi can "complement" rather than challenge the reserve currency status of the dollar and the euro as its role on the international stage expands, according to the Central Bank of Nigeria's Lamido Yuguda.
Yuguda, head of reserves at the central bank, discusses the benefits of a multipolar system in an interview with Nick Carver in the book HSBC Reserve Management Trends 2015, published today.
He believes that attaining reserve currency status forces that area's authorities to "pursue
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