New developments in the RMB clearing infrastructure With the introduction of the new China International Payment System (CIPS), China has taken another major step in forging ahead with the internationalisation of the RMB. The Chinese central bank commenced operation of CIPS a little over a month ago.
Ben S Bernanke: Brief remarks Speech by Mr Ben S Bernanke, Chairman of the Board of Governors of the Federal Reserve System, at the United States-Mexico Chamber of Commerce Annual Gala, Washington DC, 12 May 2011. *  *  *  Good evening.