IMF executive board to vote on Yuan inclusion Nov 30

The staff nod makes approval by the fund’s board this month all but certain

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China’s yuan is poised to enter the big leagues of global currencies, according to the judgment of the International Monetary Fund.

IMF staff have recommended the yuan be included in the fund’s Special Drawing Rights reserve-currency basket, alongside Continue reading “IMF executive board to vote on Yuan inclusion Nov 30”

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IMF reportedly set to elevate Yuan Nov. 30

“China’s currency is poised to enter the big leagues” alongside the dollar

China_KWN_Coin in Globe

The rumors that have been circulating in recent weeks have all but been confirmed: China’s yuan, or renminbi, currency is about to secure the IMF’s approval for world reserve status. Continue reading “IMF reportedly set to elevate Yuan Nov. 30”