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The Rationale for Renminbi-denominated foreign reserves for African countries
Mini Dissertation (MBA)--University of Pretoria, 2015.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2016
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| _version_ | 1867613685060468736 |
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| access_status_str | Open Access |
| author2 | Birtch, Matthew |
| author_browse | Birtch, Matthew |
| author_facet | Birtch, Matthew |
| collection | Thesis |
| dc_rights_str_mv | © 2016 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. |
| description | Mini Dissertation (MBA)--University of Pretoria, 2015. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/52367 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:40:03.959Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2016 |
| publishDateRange | 2016 |
| publishDateSort | 2016 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/52367 The Rationale for Renminbi-denominated foreign reserves for African countries Birtch, Matthew ichelp@gibs.co.za Chetty, Sanusha UCTD Mini Dissertation (MBA)--University of Pretoria, 2015. International Monetary Fund ( IMF ) member countries are required to hold foreign reserves denominated in reserve currencies and China has indicated its intention to obtain a reserve currency issuer status. Given increased Sino-Africa trade, African countries may consider strategically realigning their foreign reserves to assist China, in order to secure beneficial trade arrangements. The purpose of this research was to evaluate the suitability of Renminbi-denominated foreign reserves for African countries, with a particular focus on Gross Domestic Product ( GDP ) growth. Africa could improve the market depth and liquidity of the Renminbi and support its acceptance within the IMF. China may find this beneficial as it would not affect its foreign reserve valuations nor result in significant transactional costs. The research assessed the comparability between the Renminbi and reserve currencies, China s capital account liberalisation and the impact of Sino-Africa trade on African GDP growth. The Renminbi was somewhat comparable to other reserve currency issuers. However, the impact of Sino-Africa trade on African GDP growth was limited. African GDP growth was more significantly linked to debt and Foreign Direct Investment ( FDI ). Thus African countries may rather consider pursuing Renminbi-denominated debt or FDI in order to enhance their GDP growth and Sino-Africa relationships. pa2016 Gordon Institute of Business Science (GIBS) MBA Unrestricted 2016-05-04T13:45:59Z 2016-05-04T13:45:59Z 2016-03-30 2015 Mini Dissertation Chetty, S 2015, The Rationale for Renminbi-denominated foreign reserves for African countries, MBA Mini-dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/52367> GIBS http://hdl.handle.net/2263/52367 en © 2016 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD The Rationale for Renminbi-denominated foreign reserves for African countries |
| title | The Rationale for Renminbi-denominated foreign reserves for African countries |
| title_full | The Rationale for Renminbi-denominated foreign reserves for African countries |
| title_fullStr | The Rationale for Renminbi-denominated foreign reserves for African countries |
| title_full_unstemmed | The Rationale for Renminbi-denominated foreign reserves for African countries |
| title_short | The Rationale for Renminbi-denominated foreign reserves for African countries |
| title_sort | rationale for renminbi denominated foreign reserves for african countries |
| topic | UCTD |
| url | http://hdl.handle.net/2263/52367 |