Internationalisation of the Renminbi

Internationalisation of the Renminbi (RMB) means making China's currency more widely used and accepted in global trade and finance. This involves allowing international investors and businesses to hold, trade, and settle transactions in RMB more easily. It aims to reduce dependence on other currencies, promote greater financial stability, and enhance China's global economic influence. Gradually, the RMB is becoming a choice for international payments, investments, and reserves, helping integrate China more deeply into the world economy.