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China’s PBOC Pushes Yuan Internationalization Amid Global Currency Shift
China’s PBOC Pushes Yuan Internationalization Amid Global Currency Shift
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China is accelerating efforts to promote the yuan’s global use as de-dollarization trends gain momentum. People’s Bank of China Governor Pan Gongsheng has publicly endorsed the currency’s internationalization, signaling a strategic pivot in global finance.
The MOVE comes as trade tensions and shifting economic alliances reshape currency dynamics worldwide. While the article doesn’t mention specific cryptocurrencies, the broader financial market implications could indirectly affect digital asset valuations as investors reassess currency hedges.
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