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PBOC’S Zhou: Yuan should have “certain international staus”

By   || October 30, 2009 at 12:22 GMT
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The head of the Chinese central bank says that the CNY should “have a certain international status”.

He’s why it doesn’t: It’s fixed to the dollar. Let it float, and it will become an important currency in international trade overnight.

Also on the wires, the much-followed George Soros says he sees the current economic recover a liable to run out of steam, and that a double-dip is possible.

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