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How China Plans to Globalize the Yuan (and Speed Up Dedollarization)
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How China Plans to Globalize the Yuan (and Speed Up Dedollarization)

The Four Pillars of RMB Internationalization: SWIFT, CIPS, MBRIDGE, BRICS PAY

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VBL
Oct 11, 2024
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How China Plans to Globalize the Yuan (and Speed Up Dedollarization)
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China’s RMB Internationalization Plan

Topics: (1150 words)

  1. While the West Onshores Supply Chains….

  2. The East Builds its own Payment Chains

  3. Beyond mBridge

  4. The Four Pillars of BRICS Payments

  5. SWIFT: The Original Information Highway

  6. CIPS: The Cross-Border Payment Engine

  7. mBridge: Pioneering Digital Currency Transactions

  8. BRICS PAY: A Unified Payment System

  9. A Coordinated Push for RMB Internationalization

  10. Expectations: RMB’s Expanding Global Role

  11. Final Comment: Gold’s Role


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