Logo 18 Jan 2023

Deep Dive | Letting go: How internationalization is freeing the RMB from PBoC control

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Exec sum:

Beijing has prioritized RMB internationalization over its control of the currency. As a result, the central bank’s (PBoC) ability to influence the RMB has greatly diminished – and is set to diminish further
Its influence has weakened because the majority of foreign exchange transacti...



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