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Interview: IMF's lifting of RMB weighting in SDR currency basket shows high recognition of China, says Brazilian expert
The International Monetary Fund (IMF) announced an increase in the weighting of the Chinese renminbi (RMB) in the Special Drawing Rights (SDR) currency basket after completing a quinquennial review, which shows a high recognition and a seal of approval from the world-class financial institution towards China, said Hsia Hua Sheng, associate professor of international finance at the Getulio Vargas Foundation (FGV), the largest think tank in South America.
Interview: RMB's importance to continue rising as Chinese economy grows, says British expert
With such growing global importance of the Chinese economy, it is not surprising that the RMB's international status has been strengthening as well.
Yearender-High-quality Development: China advances RMB internationalization steadily in 2021 with emerging opportunities ahead
Despite the ravaging COVID-19 pandemic around the world, the internationalization of China's currency renminbi (RMB) has been advanced steadily in the year of 2021, thanks to the resilience of China's economy and the country's commitment to opening up its capital market.
Standard Chartered RMB globalization index hits record high in July
From May to July, the Standard Chartered Renminbi Globalization Index (RGI), rose for three consecutive months and hit a record high in July, announced the Standard Chartered Bank (SCB) on Monday.
China to advance RMB internationalization steadily and prudently
China aims to promote the internationalization of its currency, the renminbi (RMB), in a steady and prudent manner, according to the full text of the Communist Party of China (CPC) Central Committee's development proposals made public on Tuesday.
China to actively and steadily push forward RMB internationalization
China Foreign Exchange Trading System (CFETS) announced Monday that from August 1, 2020, the bidding and inquiry transaction fees of Renminbi (RMB) against Singapore dollar, ruble, ringgit, New Zealand dollar, South African rand, Saudi Riyal, UAE diram, Polish zloty, Hungarian Forint, Turkish Lira, Korean won and Thai baht will be temporarily exempted for three years.
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