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RMB become world's second largest trade finance currency

Yesterday, Yao Yudong, director of the central bank's financial research in the 2015 Beijing emerging markets forum, said that the current RMB has become the world's second largest trade finance currency and the world's fourth largest payment currency, the RMB to join the special drawing rights (SDR) basket of currencies will help to reform and improve the international monetary system. China will further promote the reform of the RMB capital account convertibility, expanding the size of the RMB as a reserve currency.

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