Yuan Global Reserve Currency

“The International Monetary Fund has officially designated the Chinese yuan a global reserve currency. That means that it joins an elite group of currencies — the dollar, the yen, the euro and the pound — in the Special Drawing Rights (SDR) basket.”

www.businessinsider.com/chinese-yuan-has-become-a-reserve-currency-2015-11

 

IMF gives China’s currency prized reserve asset status

http://in.reuters.com/article/2015/11/30/us-imf-china-idINKBN0TJ24Q20151130

 

Filed under: EconomyNew World Order

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