| Since the Chinese government adopted the reform and opened up policy, China's economy continues developing rapidly, and has more and more contribution to the global GDP growth. The global incremental contribution rate of China's GDP was 8.9% in 2001, and it had risen to 38.1% in 2013, growing by more than four times. However, in 2013, America's global incremental contribution ratio was only 16.2%, Euro was closed to zero and Japan was negative. As China is more and more important in the world economy, the acceptance of China's RMB in international community is gradually rising. Since 2013, the Chinese government has been pushing the strategy of "One Belt And One Road", which is to increase the trade, investment and financial cooperation along with the country, expand the state space and improve the external environment for the development of China's economic development. "One Belt And One Road" will promote Eurasia trade activities, and will also drive the currency at the same time. It will bring new opportunities for the RMB Internationalization.The five countries of Central Asia are China's friendly neighbor nations and cooperation partners, which are important channel of the “Building Silk Road Economics Belt”, our important economics cooperation partners to develop to the west of our country, and also the core of the “Building Silk Road Economics Belt”. Since the establishment of diplomatic ties, China and Central Asia countries has kept friendly relations and cooperation. The development trend of economic and trade cooperation relationship is good, the scale of bilateral trade countries to grow. Central Asia is the competition focus of counties having major powers. Therefore, it is essential to strengthen the monetary cooperation with central Asian countries and develop the scale of RMB circulation abroad in Central Asia, and then to realize the internalization RMB finally.First, this article introduces the selected topic background and significance of the subject, “One Belt And One Road” construction offers opportunities for the internationalization of RMB in Central Asia. RMB as valuation and settlement unit in bilateral trade is helpful to reduce exchange rate risk and strength bilateral economic ties, then, it gives the innovation and deficiency of this article. Second, it summarizes the relevant literature, which explains the connotation of the currency internationalization, analyzes its influence factors, its cost and benefit, and defines the internalization of RMB according to the requirements of currency internationalization, then puts forward the choice of RMB internationalization part – the three-step strategy. Third, it introduces the present situation of RMB internationalization, RMB internationalization is not yet ripe, but has had some certain conditions. Forth, it presents that RMB to realize internationalization in Central Asia has advantages, including the geographical position, trade links, resources complementary, economic stability and so on. Forth, it puts forward the difficulties that RMB was not realize internationalization in Central Asia, mainly including the RMB acceptance in Central Asia is not high when the two sides to settle trade is given priority to the dollars, the settlement is imbalance on the current account and capital accounts, capital account takes up smaller share, and it has not yet to establish an effective financial supervision mechanism. The last chapter comes up with some relates suggestions to solve the existed problems. We can take advantage of Asian Infrastructure Investment Bank to export RMB capital to Central Asia, and establish RMB back flow mechanism and reform financial regulation system in Central Asia. |
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