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Chinese money in the spotlight

12/17/2010

The observant ones amongst you, who check FOREX’s currency rates, will probably have noticed that we encourage travellers to China to reserve Yuan, CNY, in advance. This is due to a shortage of Yuan at our currency supplier’s.

The reason for this is that investors around the world have bought large sums of Yuan in the hope that China will be forced to appreciate the value of their currency.

China’s economy continues to be really strong and the USA regards an undervalued Yuan to give the Chinese an unfair advantage in the export market.


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