Some questions about RMB internationalization

In recent years, close attention has been paid to RMB internationalization around the world. Currency internationalization in a country can bring the following advantages to the country that issues the currency: increasing the income of coin tax, decreasing the risk of the fluctuating exchange rate, and extending international influence. In the meantime currency internationalization is mainly based on the factors of the comprehensive national power that issues the currency, and RMB internationalization is non reversible process. Since it enters the WTO, China has stepped up its move toward entering the financial market, and has started procedure for free exchange of RMB. It will take some time for China to solve many contradictions in economic matters, so that achievement of free exchange of RMB will be accomplished during 2008～2010.