As a result of the rapid internationalization of the renminbi, it became the world's 8th most traded currency in 2013,and 5th in 2015.
On October 1,the RMB became the first emerging market currency to be included in the IMF's special drawing rights basket, the basket of currencies used by the IMF . As an international trading currency the remimbi will slowly squeeze out the USD. You are in for some nasty hyper inflation as the excess of US currency is flooded back into America and countries stop buying US federal bonds. The remimbi will be the main trading currency within 5years. And just as a precursor, almost 100% of the goldfields gold production is going directly to china as we speak. I wouldn't be surprised to see a gold backed remimbi overtake the collapsed USD fiat. Put it this way, I don't trade on the US listings.
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As a result of the rapid internationalization of the renminbi,...
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