Archive | December 1, 2015

China’s yuan gains IMF reserve status

December 1, 2015

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China’s yuan gains IMF reserve status -effective October 1, 2016 Currently just the US dollar, the euro, the yen and the pound are in the group. Xinhua RMB) is eligible for joining the Special Drawing Rights (SDR) basket as an international reserve currency. (Xinhua/Bao Dandan) WASHINGTON, Nov. 30 (Xinhua) — The International Monetary Fund (IMF)’s […]

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