China to promote yuan by relaxing investment scheme rules -sources

April 22, 2015 5:49 AM

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HONG KONG, April 22 (Reuters) - China is set to enhance the convertibility of its yuan currency by allowing capital to be taken out on a daily basis from the largest investment scheme open to foreign investors, people with knowledge of the plans told Reuters.

This could strengthen the global standing of the yuan and support Beijing's push to have it included in the International Monetary Fund's basket of reserve currencies, alongside the dollar, euro, yen and pound.

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