RMB: A living, breathing asset
Aug 1, 2015
The renminbi's long road to global recognition
The IMF has endorsed the renminbi as a freely usable currency, recognising China’s increased importance in the global financial market. The renminbi’s journey to attaining this status was never straightforward.
As a world payments currency, the renminbi ranks fourth in value behind the US dollar, the euro and the British pound, according to Swift.
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