IMF embraces the redback, but China reforms must go on
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Author(s)
Feng, Hui
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2016
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Abstract
The 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 used to value the Fund’s own de facto currency, the Special Drawing Rights (SDRs).
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Comparative government and politics
Government and politics of Asia and the Pacific
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Feng, H, IMF embraces the redback, but China reforms must go on, 2016