PBoC sets up renminbi internationalisation research centre in Singapore

Ceremony to mark the launch of the CRIS on March 29

The People's Bank of China (PBoC) is teaming up with Singapore's Nanyang Technological University (NTU) to shed light on the forces driving the renminbi's ascent as an international payments and reserve currency.

The two institutions are establishing a research centre to "study the demand and use of the renminbi in international markets", the NTU said today (March 29) in a statement published on its website.

The new Centre for Renminbi Internationalisation Studies (CRIS) was launched this

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