Triffin issued his warning more than 50 years ago, but it has recently gained traction, as China’s rise has made the world increasingly disinclined to tolerate the instability caused by a dollar-denominated system. The solution, however, lies not in replacing the dollar with the renminbi, but in strengthening the role of the world’s only truly global currency: the IMF’s Special Drawing Rights.
特里芬在50多年前就提出了这一警告，但直到最近才获得重视，中国的崛起让世界越来越不愿意忍受美元计价体系带来的不稳定性。但是，解决方案并不在于用人民币取代美元，而在于强化世界唯一的全球货币——IMF的特别提款权（Special Drawing Rights，SDR）的作用。