Research on "De-dollarization" and RMB Development in Central Asian Countries during 2010-2021

Abstract

At present, as the international monetary system is changing, it is particularly important to choose between "dollarization" and "de-dollarization". In recent years, it is not difficult to find through international current politics and other channels that Central Asian countries, as one of the regions with the highest degree of dollarization, are promoting the relevant strategies of "de-dollarization". Because the accuracy of the research is affected by many unpredictable and inevitable factors, the relevant data of Central Asian countries in the past decade was finally selected as the research direction. This paper will introduce WDI database, National Central Bank Database and so on to observe the trend of countries in combination with linear models, as well as observe and analyze the data with different time dimension information. Finally, it is concluded that the trend of de-dollarization is flourishing, and at the same time, it is a very positive signal for the development of RMB.