China - a global reserve currency

I wonder if the widely fluctuating price of China and Silver had anything to do with this:

Xi Jinping has called for the renminbi to become a global reserve currency, in some of his clearest comments on his ambitions for China’s currency as Beijing seeks to play a greater role in the international monetary system.

https://archive.is/lOQK3#selection-1957.0-1957.224

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