Economics
IMF Approves Reserve-Currency Status for China's Yuan
- China's currency to have 10.92% weighting, topping yen, pound
- Lagarde says China's currency meets `freely usable' standard
New Dawn for China as Yuan Joins Majors
This article is for subscribers only.
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.S., Europe and Japan.
QuickTake The People’s Currency