Will rmb replace the dollar as the global currency?

HIGHLIGHTS

• What: After summarizing the past literature, this paper analyzes the main factors hindering the RMB from becoming an international currency - insufficient development of the financial system and capital flow restrictions - and briefly discusses the other influencing factors, finally concluding that with the gradual improvement of the RMB`s status in the international arena, There is a lot of room for the RMB to grow as a global currency, but due to a series of limitations, such as the degree of advancement of development of the financial system and capital flows, it has a low likelihood of replacing . . .
  

   

  

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