The most traded currencies worldwide are, in the following order
USD, RMB, GBP, JPY, EUR
EUR, USD, JPY, RMB, GBP
RMB, USD, EUR, JPY, Sao Tome and Principe dobra
USD, EUR, GBP, JPY, RMB
In order to be included in the currency basket, China had to
Attack currency counterfeit
Buy huge amounts of gold
Liberalise its financial markets
Invite FIFA officials to fancy weekend retreats
One of the main arguments in favor of including the RMB in the basket is
Bring down the global price of rice
Create a more stable global reserve system
Appreciation of the US dollar
Devaluation of the US dollar
One of the main fears about RMB inclusion is
Increasing the global price of rice
Devaluation of the US dollar
Appreciation of the US dollar
RMB devaluation and capital drains from China
Support to include the RMB in the currency basket comes from
Germany and France
Germany and the US
France and the US
Uzbekistan and Sao Tome and Principe
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