BIS: Dollar pre-eminence to remain but role will shrink

|By:, SA News Editor

The dollar will remain as the world's main currency although its share of central-bank reserves could fall to 50-60% from 65-70%, the Bank of International Settlements forecasts.

The BIS also believes that the role of the yuan will continue to grow as China liberalizes the currency, although it's unlikely to replace the dollar in the next couple of decades.