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China’s yuan is making headway a global reserve currency, with 85% of central banks keen on holding the asset

July 6 (Markets Insider) - Central banks are increasingly keen to hold China's yuan as a reserve currency, as the country's growing economic and political power threatens to erode the US dollar's global dominance. Some 85% of central banks said they are invested, or are considering investing in, China's yuan in UBS Asset Management's annual reserve manager survey, released Friday....

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