global reserve currency
12/09/2015
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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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