Tag Archives: RMB

RMB on way to becoming global reserve currency: IMF official

With China’s economy gaining global strength, the renminbi is set to become a global reserve currency, Zhu Min, deputy managing director of the International Monetary Fund, said Tuesday at an…

The internationalization of the Renminbi: African central banks included in RMB bond placement

The state-owned China Development Bank has arranged for 500 million yuan (US$78.7 million) of renminbi-denominated bonds issued in Hong Kong to be placed with central banks in Africa, representing another significant…