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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

China’s Yuan: The next reserve currency?

Posted on 27 May 2009

From Businessweek.com: Skeptics have dismissed Beijing’s talk of de-emphasizing the U.S. dollar, but China is making moves that could soon lead to a convertible yuan.
Are the Chinese finally getting serious about loosening their ties to the dollar—and even replacing the greenback with the yuan as the global economy’s reserve currency? The evidence is mounting that they are…….Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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