Report
The Renminbi: from the people's money to a global currency - a practical introduction to conducting cross-border trade and investment with China
The rise of China as a global economic powerhouse has been well documented. Perhaps less well known has been the emergence of China’s currency, the Renminbi (RMB), as one of the world’s truly global currencies. Use of the Renminbi was limited even ten years ago. In 2009, China launched a pilot program for cross-border settlement...