Day: December 6, 2015

China Officially Added to IMF Basket

global reserve currencies

December 7, 2015 By: Bobby Casey, Managing Director GWP A new chapter to the global economy story has officially started, with the IMF declaring China’s renminbi a reserve currency: “On Oct. 1, 2016, the yuan will officially be added to the IMF’s Special Drawing Rights (SDR) basket of currencies, which previously included only the dollar, […]

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