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China hails ECB debate on yuan as a reserve currency

Internationalisation of the yuan will mark a major step for the importance of the Chinese currency, also known as the renminbi.


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