What Growing Enthusiasm for the Yuan Signals for the U.S. Economy

Why Nigeria’s shift away from dollars to Chinese currency is likely a sign of things to come.

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But with America and Europe stuck in the economic doldrums, the Chinese yuan is an attractive option for African countries looking for growth.

"The fragility of the European and American economies at the moment has something to do with Nigeria's decision," Downie said. " It's a reasonable response to spread assets as far as possible."


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