The Chinese Renimbi as a Reserve Currency

Instead of buying other currency assets could surplus economies like China buy commodities instead. This would also mean an uncontrolled expansion in the domestic European money supply. Countries like Russia, Brazil, Saudi Arabia and Venezuela are all primarily commodity exporters. They would most likely find themselves selling their commodity reserves when their economies are struggling and commodity prices are low. But worst of all their reserves would be most valuable when they least need them and least valuable when they need them the most.