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China Ditching Dollar for Own 'Redback'

By Jason Farago,  Newser Staff

Posted Aug 3, 2009 5:46 AM CDT

(Newser) – China is speeding up efforts to encourage the use of its currency in international trading, with analysts predicting that the Chinese renminbi will become one of the three top currencies by 2012, reports the Times of London. In recent months Beijing has inked currency-swap deals...   Read full story »

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