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The purpose of this policy dialogue is to identify the likely path and trajectory of the ever increasing internationalization of the RMB, and in turn provide the indications as to the likely impact of such a major development on the current make-up of the international monetary system as well as its implications for developing a common and enhanced Asian voice in international monetary affairs.
The International Monetary Fund (IMF) is currently considering whether or not to recognize the Chinese currency – yuan or renminbi (RMB) – as an official reserve currency to be included in the. RMB internationalization would therefore accelerate the liberalization of the currency's interest rate and exchange rate on the CNY market, which might bring new challenges to traditional monetary.
4 March 35 MARKET REPORT Trends and implications in the internationalisation of the Renminbi RMB watchers have much to celebrate in recent times.Impact of the internationalisation of renminbi rmb