Internationalization of the Chinese renminbi: progress and outlook

Bastian von Beschwitz
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Bastian von Beschwitz: https://www.federalreserve.gov/econres/bastian-von-beschwitz.htm

No 2024-08-30-3, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The international role of the Chinese renminbi has received increased attention recently as Chinese authorities push for increased international usage of the renminbi and Western sanctions on Russia potentially increase renminbi attractiveness. Some newspaper article headlines even imply that the renminbi is about to rival the U.S. dollar as the world's dominant international currency.

Date: 2024-08-30
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2024-08-30-3

DOI: 10.17016/2380-7172.3592

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