Towards national currency usage in international transaction settlements: specific experiences in BRICS: the case of South Africa
SOURCE: Use of national currencies in international settlements: experience of the BRICS countries
OUTPUT TYPE: Chapter in Monograph
PUBLICATION YEAR: 2017
TITLE AUTHOR(S): R.Ncwadi, J.Josie, B.Siswana
SOURCE EDITOR(S): S.Karataev, N.Troshin, I.Bazhenov, J.Josie
KEYWORDS: BRAZIL-RUSSIA-INDIA-CHINA-SOUTH AFRICA (BRICS), MONETARY POLICY, SOUTH AFRICAN CURRENCY
DEPARTMENT: Developmental, Capable and Ethical State (DCES)
Print: HSRC Library: shelf number 10206
HANDLE: 20.500.11910/11739
URI: http://hdl.handle.net/20.500.11910/11739
OUTPUT TYPE: Chapter in Monograph
PUBLICATION YEAR: 2017
TITLE AUTHOR(S): R.Ncwadi, J.Josie, B.Siswana
SOURCE EDITOR(S): S.Karataev, N.Troshin, I.Bazhenov, J.Josie
KEYWORDS: BRAZIL-RUSSIA-INDIA-CHINA-SOUTH AFRICA (BRICS), MONETARY POLICY, SOUTH AFRICAN CURRENCY
DEPARTMENT: Developmental, Capable and Ethical State (DCES)
Print: HSRC Library: shelf number 10206
HANDLE: 20.500.11910/11739
URI: http://hdl.handle.net/20.500.11910/11739
If you would like to obtain a copy of this Research Output, please contact Hanlie Baudin at researchoutputs@hsrc.ac.za.
Abstract
The breadth and depth of the national financial market is a necessary benchmark indicator of the ability of a currency to be utilized as a reserve currency. However, it is not a sufficient condition to achieve this status as other factors play an equally important role as was demonstrated in the final ascension of the Chinese renminbi to international reserve currency status in 2016 after many years of trying.-
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