Reforming the International Monetary System by Making Yuan the Standard.
The Chinese government has been seeking to internationalize the yuan in two ways. First, China is continuously exporting yuan, which involves encouraging enterprises to use the yuan in transactions. Despite the global success of Chinese exporters, the yuan plays only a minor international role because it cannot be freely exchanged for other currencies. And official controls make it difficult to move the yuan in and out of China. But in July 2009, China successfully ran a pilot program of cross-border trade using the yuan.
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