/News/images/visit-the-photojournal.png){kind=small}
Posts Tagged ‘RMB’
- Hong Kong’s RMB market a forerunner for convertibility
China, Foreign Exchange - Monday, February 1, 2010 21:49 - 0 Comments
The road for the Renminbi: Asiamoney
Asiamoney, February 2010
The year is 2030 and the renminbi is one of the world’s major reserve currencies. Since becoming fully convertible it has been embraced by central banks the world over and is now on track to rival the dollar as the reserve of choice, reflecting the fact that China’s economy is now approaching the size of the USA’s.
It seems a very distant prospect given that the renminbi is not even convertible today. But as the currency does become more international – and every trend of the last five years suggests it will continue to do so – it is almost inevitable that its use by world investors, institutions and central banks will increase dramatically once they have the chance. Continue…
Popularity: 1% [?]
Most Popular Content
- So you want to be an astronaut?
- AFR: Making money out of food
- Asia will need to be stronger to weather Europe-charged outflows
- Finger-pointing follows Aussie covered bond price falls
- Euromoney emerging market series: Fubon
- Your article on Microfinance in Eastern Europe is spot on. In fact the key point...
- I'm intrigued but also a little confused by what is going on in the ...
- Hi Chris - loved your smartinvestor article which actually defines investsors' s...
- Good article, very interesting....
- David, Joseph,
This is the full text of the poem "Daddy's Here". It was actua...
- Could I have this whole poem written by Thomas Ebzery - I am moved by it because...
- I know it is personal but is it possible to obtain a copy of the poem Thomas Ebz...
- I felt very, very sad after reading this beautiful articles. My late dad was sn...
