Could Russia's SWIFT ban be the best thing that ever happened to the renminbi?
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.
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.
Following what some have dubbed the “financial nuclear bomb” whereby the European Union has banned several Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) netw…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.