18 Feb 2014
Glossary: Rmb internationalisation
Rmb internationalisation means the general acceptance of Rmb as a currency in trade settlement, direct investment and portfolio investment in the international market. According to the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the path of Rmb internationalisation can be divided into three phases – first as usage for trade finance, then for investment and in the longer term as reserve currency.
Related section: RMB Business
Related term: Rmb trade settlement