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System to promote yuan use globally

Updated: 2012-04-12 08:02
By Wang XiaoTian in Beijing, Diao Ying in London and Oswald Chen in Hong Kong ( China Daily)

New trading platform expected to enhance cross-border settlements

A system to settle cross-border yuan payments and boost the convertibility of the currency will be set up, central bank officials said on Wednesday.

The move will promote the international use of the yuan, analysts said.

System to promote yuan use globally

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