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News on the RMB, the Chinese Currency

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Offshore sovereign bonds set to be issued in local currency for the first time
Sep 19, 2009 (WiC 31)

In late March, Zhou Xiaochuan – the head of China’s central bank – made his first call for a new “super-sovereign reserve currency” to reduce reliance on the dollar. The goal, he wrote, was to “create an international reserve ...

A historic week for China’s currency
Jul 10, 2009 (WiC 23)

It wasn’t exactly in the same league as Orville and Wilbur Wright getting their spruce flyer 10 feet into the air, but July 6 will probably be remembered as historic too. That’s because the long-awaited renminbi settlement scheme finally got ...

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