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That's what the article Implies that China is working towards it by slowly removing controls from it currency. Nowhere did I read that it was already a reserve
by xbmcuser 10y ago
That's what the article Implies that China is working towards it by slowly removing controls from it currency. Nowhere did I read that it was already a reserve currency or becoming one next month.
- tmptmp 10y ago>>Nowhere did I read that it was already a reserve currency or becoming one next month. That's not equivalent to saying: Yuan may become a "world go-to currency" if China manages to remove many communist-style controls from it and demonstrates their intent to make it free-to-trade by allowing Yuan free-to-trade for a continuous period of 50 years at the least. The article doesn't say this with such a detailed clarification and required qualifications to claims. Hence it seems like a propaganda coming from a communist dictatorship rather than a well researched article.