Strategies for Internationalizing the RMB

Gateway International Group Ltd, March 2012, Pages: 7

Currency internationalization is a process whereby a specific currency evolves from a national to an international currency. The internationalization of the RMB has become an important issue both at home and abroad. Many people have expressed uncertainty about this process, but an increasing number of academics believe that internationalization conforms to the reform objectives of the international currency system and is needed for economic and financial development in China. This paper provides an analysis of this issue.

I. The Importance of Promoting the Internationalization of the RMB

II. Strategies for Promoting the Internationalization of the RMB

III. The Basic Procedure for Internationalizing the RMB

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