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With China laying the groundwork for internationalization of the yuan, the renminbi could "mount...
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Thursday, November 17, 2011, 5:18 AM ETWith China laying the groundwork for internationalization of the yuan, the renminbi could "mount a challenge" to the dollar in 5-10 years, a Congressional report says. The yuan still has much catching up to do, though, as it accounts for 0.3% of international currency trading while the dollar is involved with 85%.
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