Chinese Renminbi on Track to Become Global Reserve Currency in Future.
The article discusses the potential for the Chinese renminbi (RMB) to become a major global currency. It looks at the factors influencing RMB's status as a reserve currency and its current position in the Asia-Pacific region. The researchers used retrospective and graphic analysis to explore this topic. They found that while RMB has become a regional reserve currency, it is unlikely to rival the US dollar and Euro as a leading world currency in the near future.