Summary of Generation ¥

RMB: The New Global Currency

EIU, more...

Get the Report

Generation ¥ summary
You can’t yet buy swaps denominated in renminbi, but the Chinese currency is taking off.


8 Overall

8 Importance

7 Innovation

8 Style


China’s fast-rising currency is elbowing its way onto the world stage, and it’s poised to stay there, according to this sanguine look at the renminbi (RMB) from the Economist Intelligence Unit. The report doesn’t shy away from addressing the problems and complexities associated with the RMB, but its authors reach the inexorable conclusion that China’s currency has cemented its place in global commerce and foreign exchange. getAbstract suggests this eye-opening report to treasury officers and risk managers seeking insight into a currency that’s gaining ground.

In this summary, you will learn

  • Why China’s renminbi (RMB) is growing as a global currency,
  • How some companies manage their RMB transactions and
  • What challenges RMB users face.


China’s renminbi (RMB), a fast-internationalizing currency, could attain even more prominence in October 2015, when the International Monetary Fund will decide whether to designate it as a reserve currency. If so, central banks worldwide will stock up on RMB, but even without reserve currency designation...
Get the key points from this report in less than 10 minutes. Learn more about our products or log in

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

Comment on this summary

More on this topic

By the same author

Customers who read this summary also read

More by category