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Growing yuan role

27 2 14

A NEW set of regulations issued by the Chinese authorities, and announced on the website of the People’s Bank of China a few days ago, provides more insight into the future path towards expanding the role of the yuan in China’s external economic relations. The scope of the new notice issued by the PBC is impressive, and since Pakistan is one of the countries whose external economic relations are going to be part of this development, it is crucial that the regulations be studied carefully by the government and monetary authorities here, followed by an appropriate debate around the merits and demerits of the........

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