![](https://assets.weforum.org/article/image/3CEks_pFws-9-hOFrMFqPveLchuOeRITY37lUojkVW0.jpg)
Financial and Monetary Systems
Why Europe is backing the renminbi
European governments and central banks are working to make the renminbi a viable reserve currency.
Nicola Casarini is Research Head for Asia at the Istituto Affari Internazionali in Rome.