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The Internationalization trail of the Renminbi

Tuesday, 5 May, 2015 - 14:30 to Tuesday, 5 May, 2015 - 16:30
Campus: Brussels Humanities, Sciences & Engineering campus
Room Bruges (level -1)
Vrije Universiteit Brussel, Pleinlaan 5, 1050 Brussels

The use of a currency outside its national abode occurs in a variety of forms and of intensities. Since barely a decade, the Renminbi is on its way to perform a growing role in international trade and finance. The RMB is increasingly used in invoicing trade with China; although the RMB is still only convertible on current account; Various steps already prepare full convertibility; An offshore market for RMB operations has grown in Hong Kong, whose financial market stands in a peculiar relation to the PRC; Next summer, direct conversions with other currencies without passing over de US dollar will become possible. Besides, with the reform of the international monetary system looming on the agenda, the issue whether the RMB can graduate to the status of a reserve currency, and when is gaining attention.  Professor Sylvain Plasschaert will discuss those, and related aspects, of a timely subject.

The lecture will be given in English.

Price: 45 euro, excl. VAT 21%
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