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August 12, 2022

China’s Renminbi will be among dominant world currencies

A new report from The World Bank predicts that China’s renminbi will join the U.S dollar and the euro as dominant international currencies sometime in the next 10 to 15 years, Voice of America informs. Some economists say is a major realignment in the global economic order, with developing countries playing a more dominant role. The New Global Economy focuses on the growing economic power and influence of leading emerging markets that include China, India, Brazil, South Korea, Russia and Indonesia and several other developing countries, Multipolarity report shows.

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