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WHETHER CAN BE EXPECTED INTERNATIONALIZATION OF RENMINBI?

DOI: 10.12803/sjseco.233913

Keywords: Renminbi , USD , Euro , Public debt , SDRs

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Abstract:

China's growing in the big player on the world scene, the question is whether is realistic to expect to get to the internationalization renminbi? This paper analyzes the position of the U.S. dollar and the euro in the present and projected their importance in the future. The author believes that there is sufficient political conditions to introduce a synthetic currency as an international standard, and when the renminbi points to the need to make significant, previous changes in the Chinese economic system that would create the conditions for it. It is estimated that in the medium term is expected to be increased importance of China's currency in the international economic and financial transactions, and possibly using it with a certain weight in the SDR valuation.

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