23.06.2014 - Trading the yuan: Yuawn
Buzz about the rise of China’s currency has run far ahead of sedate reality. If headlines translated into trading volumes, the yuan would be well on its way to dominating the world’s currency markets. It once again graced front pages this week after moves to lift its status in London, the world’s biggest foreign-exchange market. This was the latest instalment of a five-year-long public-relations campaign. Since 2009, when China first declared its intention to promote the yuan internationally, a string of announcements and milestones has cast the Chinese currency as a putative rival to the dollar...............................................Full Article: Source
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