March 05, 2016 BY Maria Nikolova
IMF to separately identify Chinese Renminbi in its official Forex reserves database
The International Monetary Fund (IMF) announced on Friday that it will separately identify the renminbi (RMB) in its official foreign exchange reserves database beginning October 1, 2016. The decision comes after in November last year the IMF voted that the Chinese currency is a freely usable currency and will be included in the SDR basket as…
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