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Article: RMB increases its influence in neighboring areas
- Article from:
- Xinhua News Agency
- Article date:
- February 16, 2004
CopyrightCopyright 2004 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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RMB increases its influence in neighboring areas
BEIJING, Feb. 16 (Xinhua) -- The Renminbi (RMB) circulation in
neighboring countries and regions is preparing the ground for its
future goal of becoming a currency that can be exchanged freely on
the international market, an official with the central bank told the
Beijing-based Outlook news magazine recently.
The RMB, which is now being accepted by more and more people in
Hong Kong, Taiwan and neighboring countries, is tending to become a
kind of regional currency, the official was quoted by Outlook as
saying.
The RMB will gradually become the strongest currency in East Asia,
according to an economist at Stanford University in the United ...