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IMF Grants Reserve Status to the Yuan, but is it Premature?

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    China has taken great strides towards making their financial markets freer with the goal of gaining reserve status for the Yuan. The IMF has obliged and will include it in its SDR basket. But is the inclusion warranted, or was this a premature move by the IMF? The IMF announced yesterday that it would include the Chinese Yuan Renminbi having met its criteria to be included in its Special Drawing Rights (SDR) basket. The SDR basket, which is currently made up of the USD, the Euro, the Pound and

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