BRI Memo: Financial integration boosts RMB internationalization

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Financial integration is becoming a prominent focus within the Belt and Road Initiative, and this emphasis plays a vital role in expediting the global adoption of the RMB. China's central bank has inked currency swap agreements and established cross-border interbank payment systems in numerous BRI partner nations. The usage of cross-border RMB payments is steadily rising, and the yuan's significance in the foreign currency reserves of many countries is on the ascent.

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