RMB poised to become regional settlement currency in Asia, challenging dollar
The article discusses how China is trying to make its currency, the RMB, more widely used internationally. They want the RMB to be used for trade and investments, not just the US dollar. The researchers looked at the history of global currencies and how the RMB might fit in. They found that while the RMB may not replace the dollar, it could become a popular currency for trade in Asia because of China's growing economy.