"How do you take a currency from a developing economy and, without making it freely convertible, turn it into a global reserve currency? No one really knows, but China is currently writing the handbook."http://blogs.wsj.com/chinarealtime/2010/12/14/china-experime..."China's currency, pent up inside the country's borders for decades, is emerging as a hot property in global foreign-exchange markets, just months after Beijing allowed the yuan to be bought and sold outside the mainland for the first time.Daily trading in the yuan has grown from zero to $400 million in the past few months, as the currency of the world's second-biggest economy begins to flow around the globe.."http://online.wsj.com/article/SB1000142405274870338010457601...Ellipsoid
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