Advertisements

looking beyond borders

foreign policy and global economy

China’s RMB Joins IMF’s Elite Currency Club, Tough Journey Ahead

China yuan

The International Monetary Fund (IMF) on Monday announced that the Chinese currency, Renminbi, is eligible for joining its Special Drawing Rights (SDR) currency basket. With the announcement, the Chinese currency, or the yuan, is to become one of the five reserve currencies fully endorsed by the 188-member multilateral organization.

Read Here – Xinhua

Advertisements

Single Post Navigation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: