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Nation to promote yuan usage at AIIB

China plans to push for the yuan to take prominence in projects under the Asian Infrastructure Investment Bank and the Silk Road Fund as it seeks broader global use of its currency, said people familiar with the matter. The government may encourage the $100 billion AIIB and the $40 billion fund, both its own initiatives, to issue loans directly in its currency or set up special yuan-denominated funds under the two, according to the people. Policymakers in the world's second-largest economy are seeking to gain more international acceptance and use of the renminbi.