Analysis: China's currency foray augurs geopolitical strains | Reuters

Analysis: China's currency foray augurs geopolitical strains | Reuters:

China will use its own currency for trade and investment.
"Displacing the dollar, Beijing says, will reduce volatility in oil and commodity prices and belatedly erode the ‘exorbitant privilege' the United States enjoys as the issuer of the reserve currency at the heart of a post-war international financial architecture it now sees as hopelessly outmoded." (My selection)