Yuan Internationalization Needs Years, Dai Says
(Corrects number of years in first paragraph.)
There are conditions to push for realization of the full convertibility of the yuan in five to ten years, Dai said.
Dai said that a roadmap of the yuan’s internationalization may see it taking two to three years for the Chinese currency to become a trade settlement currency, another five to ten years for it to become an investment currency before needing another few years for the yuan to becomes an international reserve currency.
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