ASSESSMENTS

China Undercuts Its Own Efforts to Make the Renminbi an International Currency

undefined and Stratfor Senior Analyst for Global Economics at RANE
Michael Monderer
Stratfor Senior Analyst for Global Economics at RANE, Stratfor

Jun 7, 2021 | 14:50 GMT

An employee counts money at a branch of Industrial and Commercial Bank of China on July 26, 2011 in Huaibei, Anhui province, China.

An employee counts money at a branch of Industrial and Commercial Bank of China on July 26, 2011 in Huaibei, Anhui province, China.

(VCG/VCG via Getty Images)

Struggles by the People's Bank of China to manage financial inflows are a subtle, yet significant, signal working against further renminbi internationalization, even as China touts its new e-yuan as a monetary innovation that will erode the dollar's dominance....

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