Chinese currency on counting machine
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Luxembourg aiming to be European hub for yuan trade

After being a closed currency for years, the Chinese yuan has gone from being the 20th most traded currency to the eighth in just 12 months.

The renminbi, as it is also known, will soon rival the dollar or euro - and that is why the battle is on to see which European country will host it.

Joe Lynam reports from one contender nation, Luxembourg.

  • 03 Mar 2014
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