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Click to increase image sizeClick to decrease image size Notes As reported by Dow Jones News Service, 17 February 2011. The advisor was Xia Bin, an academic member of the central bank's monetary committee. The eight countries are Argentina, Belarus, Hong Kong, Iceland, Indonesia, Malaysia, Singapore and South Korea. For details, see Chen and Cheung (2011 Chen, X. and Cheung, Y.-W. 2011. Renminbi Going Global. China and World Economy, 19(2): 1–18. Crossref, Web of Science ® , Google Scholar). As reported by the Wall Street Journal, 15 July 2011. A bit immodestly, I can take pride in originating the standard taxonomy in an early book of mine on the pound sterling (Cohen 1971 Cohen, B. J. 1971. The Future of Sterling as an International Currency, London: Macmillan. Google Scholar).
Benjamin J. Cohen (Fri,) studied this question.