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Yuan unlikely to challenge incumbent rivals in foreseeable future: Fitch

Widespread capital controls, limited liquidity in government securities, and governance and geopolitical challenges are hurdles to internationalizing the yuan, ratings agency says.
Yuan unlikely to challenge incumbent rivals in foreseeable future: Fitch

China’s yuan has long-term potential as an international currency but is unlikely to challenge the dominance of incumbents such as the US dollar and the euro in the foreseeable future, according to Fitch Ratings.

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