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Title:
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HSBC: renminbi to be major trading currency in PH
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Author:
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Philippine Daily Inquirer
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Source:
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Inquirer.net
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Date:
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October 26, 2016
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Description:
- British banking giant HSBC sees the Chinese renminbi (RMB) – recently declared by the Bangko Sentral ng Pilipinas (BSP) eligible to form part of the country’s foreign currency reserves – turning into a major trading currency in the Philippines in the next five years.
