One-hundred Yuan notes are seen in this picture illustration in Beijing (REUTERS/Jason Lee).
Opinion
Soaring Reserves Put Renminbi Back in the Spotlight
April 15, 2013, Eswar Prasad and Karim Foda
With China’s foreign exchange reserves soaring, the renminbi is back in the spotlight. Eswar Prasad and Karim Foda write that rising capital inflows have led to a surge in accumulation of reserves as China’s central bank tries to fend off pressures for the renminbi to appreciate.