The Tokyo Foundation for Policy Research

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The Tokyo Foundation for Policy Research

Managing the Risk of RMB Internationalization and Digitalization (2021–2022)

As the world’s second biggest economy, China is advancing efforts to internationalize and digitalize its currency, the renminbi (RMB). This will facilitate international trade and investment but is also raising some concerns, such as the uncertain impact on the international currency system. This program will focus on currency system re-creation and recommend how the risk of RMB internationalization and digitalization can be managed.

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