Tag "IMF currency basket"

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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)

Asia Pacific Finance

US, China at odds as IMF currency basket decision approaches

The Chinese yuan looks poised to join a symbolically important international currency basket but differences over its valuation remain between the US and China. US Treasury Secretary Jack Lew made