Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Yuan as Reserve Currency Needs Careful Thought, WB’s Lin Says

Don't Miss Out —
Follow us on:

Jan. 15 (Bloomberg) -- China needs to “think carefully” about whether to make the yuan a reserve currency as the nation is still a middle-income country and its capital markets are not sophisticated, Justin Lin, the World Bank’s chief economist, said in Beijing.

There’s no question that the status of the yuan should improve, as the nation is now the world’s second-largest economy, he said at a forum.

Link to Company News:{8176888Z US <Equity> CN <GO>}

To contact the editor responsible for this story: Nerys Avery at navery2@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.