Monday, February 14, 2011

Yuan as potential 'global currency'

It is a dream, Chinese leadership wants to make it true! China is known for rigorous in pursuing the set objectives. It has almost achieved the objective of having 50% external transactions to be invoiced in Yuan. As it is a major player in global trade, Yuan already found its visibility. Moreover, its steadiness and constant fluctuations are making it to be pursued as the global reserve currency. Here is a nice write up from business standard. [Link

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