New Delhi, May 12 (IANS) Singapore has emerged as a key hub in China’s strategy to internationalise its currency, the renminbi (RMB), and reduce dependence on the US dollar-dominated global financial system. The city state facilitates China’s monetary and capital flows, across other countries in Southeast Asia, according to a new report.China’s structural limits, like restricted capital mobility and regulatory uncertainty, constrain the RMB’s global acceptance. Consequently, Singapore ac…
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