Asia Risk FX Review & Outlook 2011

Renminbi restraints

fxreviewoutlook2011-cover

The rapid internationalisation of the Chinese currency, the renminbi, was one of the hot topics in the foreign exchange business in Asia during 2010. The fact China’s currency is gaining increasing use around the world on one level is unsurprising. The country has overtaken Japan to become the world’s second largest economy and its influence in global affairs only looks set to grow. However, its efforts to internationalise its currency are unusual from an historical perspective due to tight

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