1. RMB is an international currency, and has also signed RMB settlement agreements with Iran, Russia and other countries. RMB accounts for about 2.5% of international payment and settlement, ranking fifth in international settlement status. Judging from the proportion, the position of RMB in China's international payment settlement is seriously inconsistent with China's economic aggregate. However, on October 1, 216, the International Monetary Fund officially announced that the RMB had joined the "basket currency" and became a SDR currency. After that, international trade between any countries can be settled in this currency as long as both parties are willing.

2. International currency, also known as "international currency", refers to the currency that is generally accepted and widely used in international economic transactions. It has three basic characteristics: convertibility, relative stability of value and universal acceptance. The world's five major international currencies mainly refer to the US dollar, euro, Japanese yen, British pound and RMB. Lagarde, President of the International Monetary Fund (IMF), announced that RMB will be formally included in the IMF Special Drawing Rights (SDR) currency basket in 215, clearing the remaining obstacles for RMB internationalization.

generally speaking, the internationalization function of RMB has been recognized by more and more countries. RMB is in the process of changing from peripheral currency to sub-central currency, from regional international currency to global international currency, and from payment and settlement currency to pricing, investment and financing currency. The attraction of RMB as a financing currency is gradually emerging. About 82% of the overseas industrial and commercial enterprises surveyed said that they would consider using RMB as the financing currency when the liquidity of international currencies such as the US dollar and the euro is relatively tight.

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Behind the choice of enterprises is the increasingly powerful support of RMB for international economy and trade, which is also an important embodiment of its internationalization process. In 219, RMB internationalization reached a new level. The function of RMB as a payment currency has been continuously enhanced, the function of investment and financing currency has been continuously deepened, the function of reserve currency has gradually emerged, and the function of pricing currency has been further broken through. The RMB has continued to maintain a stable position in the global monetary system.