The renminbi’s internationalisation: a reality check

A teller counts Chinese currency 100 yuan, or renminbi, notes in Beijing. (Photo: AAP)

Author: Gunter Dufey, Nanyang Technological University

There is a great deal of speculation around the rise of China’s economy and the eventual changes this will supposedly bring to the international monetary system.

The potential for such change undoubtedly exists as the Chinese economy continues to grow and catches up with more-developed countries.  Read more…