The Internationalization Of The RenminbiGuest Post
The Internationalization Of The Renminbi by Dan Steinbock, Difference Group
According to Dan Steinbock, the internationalization of the renminbi is accelerating. The inclusion of the yuan in the IMF basket of reserves is now a matter of time.
On August 11, the People's Bank of China (PBOC) adjusted the exchange-rate of the Chinese renminbi (RMB) against the US dollar to better reflect market conditions. The net effect was a devaluation of 1.9% relative to the dollar. The adjustment was an effort to comply . . .
This content is exclusively for paying members. Sign up here
If you are subscribed and having an account error please clear cache and cookies if that does not work email email@example.com or click chat