Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/165508
Title: Renminbi internationalisation: China's central bank digital currency
Authors: Chan, Elgin
Keywords: Social sciences::Political science
Issue Date: 2023
Source: Chan, E. (2023). Renminbi internationalisation: China’s central bank digital currency. RSIS Commentaries, 037-23.
Journal: RSIS Commentaries, 037-23 
Abstract: China’s ambition to internationalise the renminbi (RMB), to reduce its reliance on the US dollar (USD), and to wean itself off the US-led international monetary system, can be bolstered by the deployment of its digital currency. While its Central Bank Digital Currency (CBDC) initiative is still in its early phases, China has emerged as a forerunner, giving it considerable influence over the standardisation of digital payment infrastructure. However, Beijing needs to tackle a number of challenges with appropriate confidence building and policy measures.
URI: https://hdl.handle.net/10356/165508
Schools: S. Rajaratnam School of International Studies 
Rights: Nanyang Technological University
Fulltext Permission: open
Fulltext Availability: With Fulltext
Appears in Collections:RSIS Commentaries and Reports

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