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Politics & Current Events / Current Events
|Subject: Asian economies turn to yuan||Date: 11/20/2012 2:44 PM|
|Author: trismus||Number: 174910 of 177021|
And now seven out of 10 economies in the region — including South Korea, Indonesia, Malaysia, Singapore and Thailand — track the renminbi more closely than they do the US dollar. Only three economies in the group — Hong Kong, Vietnam, and Mongolia — still have currencies following the dollar more closely than the renminbi, said the report, posted on the institute's website.---
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