AsiaBusinessEconomyFinanceGlobal IssuesWorld

China’s yuan joins elite club of IMF reserve currencies


China’s yuan is joining the International Monetary Fund’s basket of reserve currencies as of Saturday, a milestone for the government’s campaign for recognition as a global economic power.

Incl 1aThe yuan joins the dollar, euro, yen and pound in the IMF’s special drawing rights (SDR) basket, which…

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button