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MNB organizes 6th Renminbi Conference

MNB

Photo by Mc_Cloud / Shutterstock.com

The sixth Budapest Renminbi Initiative Conference took place online on Thursday, the organizing National Bank of Hungary (MNB) said, according to a report by state news wire MTI.

At the conference experts from Hungary and abroad analyzed central banks' protection against the global crisis caused by COVID-19 and the role of China and the Renminbi (RMB) following the pandemic.

The event was opened by MNB deputy governor Mihály Patai who highlighted that geopolitics would rule 21st century thinking, and accelerating digitalization and the revolution of money might transform our entire thinking on money and central banks. 

In March 2015 MNB launched the initiative, linked to the bank's Renminbi Program, to strengthen relations with the People's Bank of China (PBoC) and promote dialogue on the significance and effects of internationalizing China's currency.

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