China is accelerating the pace of RMB internationalization.
Whenever there is a shift in the global reserve currency, the new challenger usually needs to come in with some form of backing with complex assets such as energy or precious metal, and leads to their rapid price appreciation.
The doomsday financial sphere has been a crying wolf for over a decade. But Maybe the wolf is coming this time.
Whenever there is a shift in the global reserve currency, the new challenger usually needs to come in with some form of backing with complex assets such as energy or precious metal, and leads to their rapid price appreciation.
The doomsday financial sphere has been a crying wolf for over a decade. But Maybe the wolf is coming this time.
RMB becomes Brazil's second-largest international reserve currency
The Chinese yuan, or renminbi (RMB), has surpassed the euro to become Brazil's second-largest international reserve currency.
news.cgtn.com
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