Imf Drawing Rights: Another Big Step Towards A Global Chinese Currency

Today's announcement that the International Monetary Fund is to add the Chinese renminbi to its list of reserve currencies is a lot more significant than that slightly arcane description might suggest. Here's why. The IMF uses something called the special drawing right, or SDR, an international reserve asset which serves as [...]

Topics:  international monetary fund   chinese   imf   sdr   drawing   reserve   
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