China is accelerating renminbi internationalization via trade settlement, CIPS, and the digital yuan, but capital controls still limit the RMB’s global reserve role.
It was already known that the US dollar has been under pressure as a global reserve currency for some time. But China has now announced an ambitious plan to concretely undermine the dominance of ...
The Chinese renminbi was only a few years ago considered among the most actively traded currencies in foreign exchange ...
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