Chinese currency RMB gains more int'l influence: economist

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Chinese currency RMB gains more int'l influence: economist

STORY: Chinese currency RMB gains more int'l influence: economist DATELINE: April 11, 2022 LENGTH: 00:02:22 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: 1. STANDUP (English): SUN LEI, Xinhua Correspondent 2. SOUNDBITE (English): DENDI RAMDANI, Bank Mandiri Economist STORYLINE: STANDUP (English): SUN LEI, Xinhua Correspondent "China's currency Renminbi (RMB), or the yuan, has seen wider acceptance in international usage as the country's resilient economic growth bolstered global demands and opening-up measures facilitated foreign investment. Cross-border RMB settlements closely related to China's real economy, such as current account and direct investment, saw faster growth last year, with RMB usage in raw material trading and the Association of Southeast Asian Nations (ASEAN) seeing outstanding growth. RMB is also set to become a more significant part of the global financial system as more central banks add Chinese currency to their reserve asset. According to the International Monetary Fund (IMF), the s

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