China hails ECB debate on yuan as a reserve currency
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Washington
POLICYMAKERS from Beijing to Kuala Lumpur welcomed plans by the European Central Bank (ECB) to consider adding the yuan to its foreign-currency reserves.
The internationalisation of China's currency emerged as a subject at the annual meeting of finance ministers and central bank governors in Washington after Bloomberg News reported that the ECB would discuss whether to begin laying the groundwork to buy yuan.
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