Could Russia's SWIFT ban be the best thing that ever happened to the renminbi?

Mar 9, 2022

For a China looking to internationalise its currency, the Russian banking crisis could make it a force to reckon with. Here's what the experts had to say.

Could Russia's SWIFT ban be the best thing that ever happened to the renminbi?

Renminbi assets could serve as an attractive alternative for investors looking for a risk-off environment in a new normal where Russian banks are excluded from US dollar trading, however they would have to tread this line very carefully, investors and economists told AsianInvestor.

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