人民币对美元连续大涨

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　　The yuan has stabilized² somewhat after a sharp depreciation³ in August, but remains⁴ down 1.8 percent compared to the start of the year.

　　Major recent announcements have rapidly advanced the cause of the internationalization of the Chinese currency.

　　人民币对美元连续大涨

　　On Thursday, the first phase of China's Cross-border Interbank Payment System was launched in Shanghai, allowing financial institutions to enjoy clearing services and capital settlement for cross-border yuan transactions.

　　On Friday, International Monetary⁵ Fund chief Christine Lagarde announced that the IMF was about to complete the assessment⁶ of whether the renminbi would join the basket of currencies making up the Special Drawing Rights.

　　For more on the Renminbi's fluctuations⁷ and its current situation, CRI's Shane Bigham earlier spoke⁸ with John Ross, senior fellow with the Chongyang Institute for Financial Studies at Renmin University of China.

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