Using data, examples and case studies, this book outlines the process of the internationalization of the main global currencies, and the likely future patterns of the internalization of the Chinese currency, the RMB, and its possible influence on world trade and global finance. Renminbi: The Internationalization of China's Currency will help the reader to understand the future of the RMB and the impact it will have on the wider global currency. The process of transforming the RMB into a global currency will not be straightforward and there are many financial problems for the government and private sectors to deal with. This vital new book offers a systematic analysis of those problems and reveals how China is likely to overcome them.