IMF Said to Give China Strong Signs of Reserve-Currency Nod - Bloomberg Business
The International Monetary Fund (IMF) has given the Chinese yuan, also known as the renminbi, a status of reserve currency, IMF Managing Director Christine Lagarde said in a statement on Monday.
The Dollar is Slowly Losing its Status as the Primary Reserve Currency
Currency investors and money managers have started exiting the US dollar for the first time since as neither the US economy, nor central bank policy, nor corporate earnings have provided a…
The IMF will add the yuan to its basket of reserve currencies, an international stamp of approval of the strides China has made integrating into a global economic system dominated for decades by the U.
China Knocking on the Door of Global Reserve-Currency As the World Teeters on Economic Collapse