[OpenFX] China: Reserve Currency

 

Hi Traders,

Regarding China's moves to become the world's reserve currency, here's a few words from from Reuters:

"The World Bank issued its first yuan-denominated bond, raising $76 million and trying to promote the use of the Chinese currency in international markets at a time when China's stake in the institution is about to increase. The World Bank's 500 million yuan bond issue arrived when China's shareholding in the World Bank is about to increase, potentially making China the third-largest stakeholder in the lender after the United States and Japan."

Food for thought.

Cheers,

Clay

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