Economics @ ITT

The birth of a new global currency?

Posted in economics, macroeconomics, Trade by ittecon on February 22, 2013

The internationalization of the RMB, as engineered by the Chinese government, is happening at warp speed. At the start of 2012, the RMB ranked 20th among international currencies, according to SWIFT (Society for Worldwide Interbank Financial Telecommunication). It leaped six spots in nine months.

via Business without Borders | The birth of a global currency.

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