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Update:Shanghai may start yuan settlement trials
BBC News, 12.25.08
China has said it is to allow some trade with its neighbours to be settled with its currency, the yuan.
The pilot scheme was announced in a package of measures designed to help exporters hit by the global downturn.
It means if the two parties to a trade have yuan [...]
Filed under: China, Economy—US Dollar | Tagged: China, currency, dollar, euro, exchange markets, international currency, reserve currency, us dollars, world currency, yuan | Leave a Comment »
