Infographic: The Global Rise of The Yuan

                   Infographic: The Global Rise of The Yuan

PR Newswire

CHICAGO, Feb. 25, 2013

CHICAGO, Feb. 25, 2013 /PRNewswire/ -- As China's economy becomes increasingly
integrated with the rest of the world, it is a natural trend for its currency,
the renminbi (RMB), to be more widely used in trade and investment. However,
RMB in China has traditionally been a closed market with strict capital
controls where currencies could not be delivered offshore. That has changed in
recent years. In 2010, China launched a pilot program for RMB trade settlement
through banks in Hong Kong. The Chinese government has a publicly stated
ambition of internationalizing the RMB and putting RMB on track to be one of
the world's reserve currencies. The introduction of off shore renminbi (CNH)
is one of the major steps taken by the Chinese government in this direction.


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