Renminbi, the currency that the world has reasons to believe in
The British government announced on October 14, 2014 that it had successfully issued RMB 3 billion renminbi (RMB)-denominated government bonds. The move makes the United Kingdom the first western country and the largest foreign issuer to issue RMB-denominated government bonds. British Chancellor of the Exchequer, George. Osborne said that this move has made London, which has become the world's financial center, a "global center for RMB trading and investment."