RMB closer to international currency status

Exchange rate stability, nation's reserve growth signs of yuan maturity

With the exchange rate of the renminbi steadily rising, and the Belt and Road Initiative furthering Chiense investment overseas, China is approaching the day when it can promote the internationalization of its currency, said an adviser to the People's Bank of China.

Sheng Songcheng, a central bank adviser, said renminbi internationalization is China's long-term strategic objective, and now it is mature enough to promote that goal.