Despite the global trade transactions carried out in Jiang Renminbi or the People's Bank of China’s Yuan becoming more widespread, countries still rely more on the US dollar or euro. China, being a negotiator, is working towards the global adoption of its yuan and has introduced several initiatives such a ‘digital yuan’: an official central bank’s digital currency. Nevertheless, the renminbi presents unique disincentives to its adoption as a reserve currency, many of which cannot be easily overcome. The proportion of dollar assets has somewhat declined with time but there is still no prominent figure that could shine to be an alternative for the United States dollar in terms of being the world’s reserve currency.