In this respect, Barry Eichengreen has noted that the race to the consolidation of the renminbi as a global currency should be seen as a marathon, and not as a sprint.5  But irrespective of the above comments, would an international monetary system with more international currencies be stronger than the present one?
In my view, with a long-term perspective in mind, the answer is affirmative. For one, the more individual economies that enjoy macroeconomic and  5  Eichengreen, Barry (2015): “China’s Money Goes Global: The How, the When and the Why”, The Milken Institute Review, Fourth Quarter.