Discussion Paper
Internationalization of the Chinese renminbi: progress and outlook
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.
https://doi.org/10.17016/2380-7172.3592
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2024-08-30
Number: 2024-08-30-3