Publication

On 1 October 2016, the Chinese Renminbi (RMB) became one of five official international reserve currencies. As this paper points out, this elevation of the RMB isn’t just a technical development. It has the potential to reshape trade and finance across Latin America. Indeed, by now being able to conduct business deals directly in China's currency, the region now enters a new and uncertain financial era that will be ripe with investment opportunities and elevated risks.