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12/09/2015 / By Julian Kramer

Dollar closer than ever to losing global reserve currency status as yuan gains IMF approval

The International Monetary Fund is expected to add the Chinese yuan (AKA the renminbi) to its “special drawing rights” currency basket alongside the US dollar, Japanese yen, British sterling and euro. If the IMF does indeed vote to include the yuan, it will signal a “significant milestone” for the country’s currency, according to insiders. Andrew […]

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