The state and prospects of the yuan's development in the international currency market

The internationalization of the Renminbi has been a big trend, regardless of whether it is an incentive for the development of the international market and the international monetary system, or the domestic market to the need for international integration into the world market.How to advance the pace of Renminbi internationalization in line with established internationalization goals is an unavoidable challenge for China in broader and deeper participation in global economic integration and financial internationalization.The article analyzes the limitations faced by the international monetary system, based on the current state of the Renminbi internationalization, an attempt is made to find a path more suitable for the Renminbi internationalization.