Renminbi Gains Ground in Global Trade and Finance, Central Bank Governor Says
The governor of the Hungarian Central Bank spoke at a conference in Budapest on Thursday regarding the renminbi initiative. He stated that the international financial system is becoming more diversified and multipolar. According to the governor, the global role of China's official currency is gradually growing. These shifts are happening as geopolitical and economic trends evolve.
As global economic and geopolitical trends evolve, the international financial system is becoming multipolar and more diversified, and the international role of the renminbi, China’s official currency, is gradually increasing, said Mihály Varga at the Hungarian Central Bank’s (MNB) conference on the renminbi initiative held in Budapest on Thursday. The central bank governor emphasized that […] The post Renminbi Gains Ground in Global Trade and Finance, Central Bank Governor Says appeared first on Hungary Today .