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demonstrated by the renminbi trade settlement scheme piloted between the People's Republic of China and Hong Kong, China, the …
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measures taken by China to internationalize its renminbi, including several bilateral swap agreements signed with other central … banks, have reinforced other eastward trends in the world economy. In this paper, China's acceleration of renminbi … internationalization is examined. The growth of renminbi-based trade and settlements has made it Asia’s new reference currency, surpassing …
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The rise of the renminbi (RMB) as a key currency in international financial markets has been fast. It reflects China …
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