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Thread: Dollar's dominant role to be replaced by Euro?
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[quote=KEVIN0518,270398]Personally, I don't think RMB can replace dollar's dominant role. RMB's exchange rate against dollar is appreciating very fast. But the exchange rate against Euro is depreciating. Just in 2007, it depreciated about 7 percent. Euro is possible to replace dollar. As GUESTMONEY said, Euro has taken 25 percent in foreign exchange reserves. On the other hand, Euro has been circulating in EU countries for a while. However, RMB is not used as foreign exchange reserve in other countries and it just circulates in China.[/quote]
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