The Chinese currency, the renminbi or RMB, is fast establishing its presence on the international stage.
A growing proportion of China’s trade is settled in RMB each year. Major international firms use it to raise funds. And it has become part of everyday business for firms who trade with China.
We think that the continued rise of the RMB will be one of the most important trends to affect the global financial system in the coming years.
But how much do you know about the currency of the world’s second-largest economy?