• Macro Outlook
    • Currency movements

FX Viewpoint

  • Article

Weekly foreign exchange insights   

Key highlights

  • Foreign holdings of RMB assets have dropped since 2022, but this alone does not mean RMB internationalisation is stalling
  • The use of RMB in global payments and public financing is rising on the back of China’s trade and financial linkages
  • RMB swap lines, trade agreements, and the Belt and Road Initiative should support a higher level of internationalisation

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