The meaning of RMB internationalization includes three aspects:1. The yuan in cash enjoy a certain degree of circulation.2. Renminbi-denominated financial products become the major international financial institutions’ including the central bank investment tools.3. International trade transactions in yuan have reached a certain proportion.
owning a kind of international monetary distribution rights is significant for economic development of one country.you can obtain seigniorage revenues and also Participate partially in the configuration of international financial resources. If China want to occupy a place in the competition of the global financial resources, you must join the competition of currency internationalization.
China's sovereign currency have the opportunity become an international currency as The second largest economy in the world. The global financial crisis have weaken U.S. Dollar System In economic foundation and public credit.It’s a good chance for china.
At the same time we should also realized the uncertainties bringing for China's economy by The internationalization of RMB. How to exert its beneficial effects on their economies at the same time, minimizes adverse factors in the process of currency internationalization is a important thing The Chinese government must seriously consider.
I think, As long as we Create conditions, firm the confidence, develop economy, strong state,RMB will become the currency acceptable and popular for international public in the near future.