The Path of RMB Internationalisation in the Context of Digitisation

DOI: https://doi.org/10.62517/jmsd.202512114

Author(s)

Yaxuan Wei*

Affiliation(s)

Faculty of Economics, Northwest Normal University, Lanzhou, Gansu, China *Corresponding Author.

Abstract

Digital RMB is a product of China's economic development, with high efficiency, low cost, security and convenience, which is conducive to promoting the development of digital currency and accelerating the construction of digital China. The construction of the internationalisation path of digital RMB is conducive to improving the status of RMB in the international arena and promoting the internationalisation of RMB. In the process of the development of the digital RMB, its application scenarios were initially only in the field of public services on a trial basis, but now it has been expanded to residents' daily life consumption scenarios, so it is only a matter of time for the digital RMB to be popularised in the domestic market and then to be internationalised. This paper starts from the value connotation of digital RMB itself, combines with the current development of RMB internationalisation, and carries out in-depth research and discussion on the internationalisation path of digital RMB.

Keywords

Digital RMB; Internationalisation Path; Internationalization of the RMB; The Value of the Digital RMB

References

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