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China’s Currency Control Model: A Lesson for India’s Rupee?
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China’s Currency Control Model: A Lesson for India’s Rupee?
China's two-tier currency system has been a key factor in maintaining exchange-rate stability and supporting its export-driven economy. By operating separate versions of the yuan for domestic and international markets, Beijing retains significant influence over global currency trading. The model is now sparking debate in India, as a chartered accountant contrasts China's system with India's more market-driven rupee regime. The comparison highlig…
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