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11 October 2021

  • 07:4807:48, 11 October 2021 diff hist +139 Internationalization of the renminbi Criticism: Criticism: The entry so grossly misinterprets the Der Spiegel article as to be meaningless. The article is critiscizing China for not taking the necessary steps to make the Yuan a reserve currency, which would force Central banks to keep reserves of it. The entry transposes the quote to present tense, which is simply false (yuan has little presence in forex reserves), and presents the "force" as nefarious Chinese bullying, when it *would be* the nature of reserve currencies