In my opinion, the renminbi has the potential to become a global reserve currency, but still has some way to go. I see this potential because ... ... thanks to China’s economic strength, the renminbi has already become established as a trade currency and its importance will probably continue to increase. ... the renminbi managed its way to an investment currency very smart.
The second form of unconventional monetary policy employed by many central banks involves purchasing large amounts of government bonds or other financial instruments.