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Central Banks will Accelerate Rise of China’s Yuan

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Central banks will accelerate rise of China’s yuan, global survey shows By Marc Jones Wed, July 21, 2021, 8:23 PM LONDON (Reuters) – The Chinese yuan is on course to become a much more influential part of the global financial system with almost a third of central banks planning to add the currency to their reserve assets, a closely followed survey showed on Wednesday. The Global Public Investor survey, published annually by the London-based OMFIF think tank, showed 30% of central banks plan to increase yuan holdings over the next 12-24 months, compared with just 10% last year. It comes…

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