Among them, a powerful currency is at the forefront of various financial elements. Building a strong monetary system is an important part of China's transition from a financial powerhouse to a financial powerhouse and achieving high-quality financial development. Steadily and solidly promoting the internationalization of the renminbi is an indispensable part of building a strong monetary system. Steadily and prudently promoting the internationalization of the RMB is of great significance. The 2023 Central Financial Work Conference proposed to "steadily and prudently promote the internationalization of the RMB.". International currency is a currency commonly used globally for commodity pricing, cross-border settlement, international reserves, overseas circulation, and debt settlement. The internationalization of the renminbi is reflected in the historical process of the renminbi going abroad and becoming an international currency. The globalization of currency is usually accompanied by the improvement of national economic strength and international influence. The Spanish silver dollar from the 17th to 18th centuries, the pound before World War I, and the US dollar after World War II all became international currencies based on their strong economic foundation. With the continuous improvement of China's economic strength and international influence, steadily and solidly promoting the internationalization of the RMB has become an important part of comprehensively building a socialist modernized country. Steadily and solidly promoting the internationalization of the renminbi is conducive to promoting international monetary balance and maintaining stability in international relations. Currently, some countries are continuously implementing "small courtyards and high walls", "decoupling and chain breaking", and so-called "risk reduction" measures for their own interests. They are willing to take advantage of the international influence of their sovereign currencies and their advantages in the payment and settlement ecosystem to launch trade controls, financial sanctions, and long-term jurisdiction over other countries. Their long-term global currency competitive advantage has become a tool to curb the development of other countries. Steadily and solidly promoting the internationalization of the renminbi, promoting changes in the international monetary competition pattern, and diversifying the payment system, not only helps to expand China's voice in international affairs, but also promotes international monetary balance, stability in international economic and political relations, fully demonstrating China's soft power in international affairs and outstanding role in maintaining international fairness and justice. Steadily and solidly promoting the internationalization of the renminbi helps to strengthen China's economic and trade relations with other countries and maintain stable development of the world economy. Currently, the world economy is facing more and more unstable factors. Some developed economies, in order to maintain their own hegemony and economic advantages, violate the laws of market, technological innovation, and human social development, and engage in trade protectionism under various pretexts, bringing great uncertainty to the development of the world economy. They always implement a "beggar thy neighbor" monetary policy from the perspective of promoting their own economic growth, unilaterally depreciating or appreciating, and the resulting spillover effects intensify