For many, it's now only a matter of time before the Chinese currency displaces the dollar as the world's reserve currency - or at least becomes a major secondary reserve currency like, er, the euro or the yen.

BBC: Mr Osborne and China's long road to a global currency

Steady remittances can offer a secondary boost if they are securitized by the banking intermediaries, thus providing hard currency to back borrowing in places where capital is short.

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