Currency fluctuations: Take the hedge off?
Many Happy Returns
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Can the Ren Minbi Overnight Take Over From the Dollar?
I think what we'll probably see is a kind of regional splitting of who uses what currency. If your major trade partner is going to be china, then it's very likely you'll park your central bank currency in ren minby. I mean, at the moment, the scale of the ren minb in terms of reserves at central banks is absolutely iny. And i think another problem is that people are worried about the political stability in ch China.
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