THE LONG ROAD TO INTERNATIONALISATION OF THE CHINESE YUAN RENMINBI
July 1st, 2013
A much anticipated meeting of the Chinese leadership in October may offer the clearest timetable yet for the internationalisation of China’s currency, the Chinese Yuan Renminbi (CNY). Full convertibility of the Chinese currency is a stated goal of government here but progress has sometimes been slow, though suggestions from economists in Beijing indicate the currency may be fully convertible by 2017.In any case, the the third plenum of the 18th Central Committee of the Communist Party of China this coming October (2013) is expected to yield a blueprint for ...
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