July 16, 2009

Global Role of the Yuan

FT.com: China plans global role for Renminbi:
If successful, this could lead to nearly $2,000bn in annual trade flows, or as much as 50 per cent of China’s total, being settled in renminbi each year by 2012, compared with less than 10 per cent today... "making [Renminbi] one of the top three currencies used in global trade.”

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