Rmb Internationalization Issues In The Central Asian Countries To Study

This dissertation paper first studies the significance and value of the main topic, then conducts an analysis of the related research background and documents. Later it carries out a comprehensive discussion before analyzing the lack of innovation in this study. Secondly it analyzes the circulation and flow of RMB in the five Central Asian countries. The reason why this article analyzes the above situation, from one aspect, is related to regional problems. The Central Asian countries are landlocked countries and located closer to the Eastern European countries, therefore most of the geopolitical European countries are prone to other Central Asian countries market problems. Resulting from import controls and that domestic markets are closing down, inter-trade is getting very small, which leads to a lack of mechanisms and channels flowing into RMB. To develop the internationalization of the RMB and the need for the typical mode of international reference currency, the British pound, U.S. dollar, Japanese yen and euro's international models were analyzed. Meanwhile, in the process of one by one analysis, the Chinese monetary unit was the international reference for each currency and it then proposed several summaries about the internationalization of the RMB. Finally, the internationalization of the RMB in the Central Asia made several recommendations, mainly to accelerate and promote the trade exchange, to carry out an RMB settlement program, to promote the establishment of the currency market and exchange rate policies and so on. Through series of economic and trade policies, institutional and financial systems, the speed of RMB internationalization process in Central Asian regions has improved.