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China reportedly wants to do more deals in its own currency. Australia’s banks aren’t ready

By Wei Li, Lecturer, Business School, University of Sydney
Kathleen Walsh, Professor of Finance, University of Technology Sydney
Luke Deer, Casual Lecturer in Finance, University of Sydney

The US dollar still dominates trade for now. But new research suggests Australia’s banks are unprepared for a world where China’s currency plays a much larger role.

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