An employee checks U.S. dollar banknotes at a branch of Bank of China in Hefei, Anhui province November 2, 2009. China will refer to changes in capital flows and fluctuations in the values of major currencies when guiding the value of the yuan, the central bank said on Wednesday, in a departure from past language. (REUTERS/Stringer)
SINGAPORE, Nov 11 (Reuters) - World Bank President Robert Zoellick said on Wednesday that the U.S. dollar's role as a reserve currency was "relatively secure", but the Chinese yuan will provide an alternative over time.
"Over the next 10-15 years, you will firstly see renminbi to be internationalised and provide an alternative," he said at a World Bank conference in Singapore.
Zoellick also said the U.S. should not be complacent about the dollar. (Reporting by Kevin Lim and Kevin Yao; Editing by Neil Chatterjee)
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