2014-10-20

Renminbi Projected to Pass Pound and Yen in Next 5 Years

Renmin University has created a renminbi internatioanlization index (RII) to measure the use of the yuan globally. In 2009, the index stood at 0.02%; at the end of September it reached 2.01%. The pound and yen are currently around 4% of the global market and the creators of the index expect the yuan could pass both within the next 5 years, assuming no adverse event changes the trajectory.

21st Century Business Herald: 人民币国际化的下一个5年:赶超英镑日元

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