Tag "global reserve currencies"

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Asia Pacific Finance

Yuan turbulence bolsters China’s liberalisation efforts

The PBoC decided in mid-2015 to weaken the peg to the US dollar, triggering a yuan devaluation and market turbulence, but also opportunities for investors.

Finance International

Impacts of the yuan’s inclusion in the SDR currency basket

The IMF has now recognized the yuan as a global reserve currency but is the move largely symbolic? Last week, the IMF announced that the yuan (also called the renminbi)