IMF embraces the redback, but China reforms must go on
- Written by The Conversation
China wants the yuan to gain the same international standing as the US dollar.EPA/AAPThe Executive Board of the International Monetary Fund (IMF) has decided to include the renminbi (RMB) in its basket of reserve currencies. The RMB, or yuan, has joined the US dollar, euro, British pound and Japanese yen to become the fifth member of the basket...
Read more: IMF embraces the redback, but China reforms must go on