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Yuan Won't Become the Global Fiat Currency Soon
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Yuan Won't Become the Global Fiat Currency Soon

Our Correspondent
Oct 10, 2013
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Yuan Won't Become the Global Fiat Currency Soon
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Despite vastly inflated expectations for the Chinese yuan, inbound and outbound yuan payments have fallen below even below the Thai baht as a trade settlement currency - to 11th place in the global pecking order.

Many China experts have been forecasting that China's rise to become the world's second biggest economy would drive a concomitant rapid rise …

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