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Central banks stockpile yuan in a polarized world

Monetary authorities anticipate that Russia's war will divide the world into two blocs led by China and the US and are raising their holdings of both currencies.

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Central banks stockpile yuan in a polarized world

Monetary authorities anticipate that Russia's war will divide the world into two blocs led by China and the US and are raising their holdings of both currencies.

The yuan is all the rage among central banks. The latest annual survey of the monetary authorities carried out by UBS shows that, in the last year, the Chinese currency is the second most acquired and with the greatest purchase intention. Only the almighty do

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