RMB Internationalization Based on the Perspective of the Belt and Road

DOI

10.2991/aebmr.k.220307.202How to use a DOI?

Keywords

RMB internationalization; BRI; World Currency

Abstract

This paper mainly expounds on the motivation of RMB internationalization and the mutually beneficial relationship between the Belt and Road Initiative (BRI) and renminbi (RMB) internationalization through literature collection. As China’s economic power and voice grow, the yuan also needs a place in the world monetary system. The inclusion of RMB into SDR is a sign of recognition by the world monetary system. However, the RMB is expected to become a successful regional and even international currency through the deepening cooperation between the Belt and Road and countries along the routes.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Kuan Lu
PY  - 2022
DA  - 2022/03/26
TI  - RMB Internationalization Based on the Perspective of the Belt and Road
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 1219
EP  - 1224
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.202
DO  - 10.2991/aebmr.k.220307.202
ID  - Lu2022
ER  -