IMF Confirms Chinese Yuan/Renminbi Set to Become a Global Reserve Currency

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IMF Confirms Chinese Yuan/Renminbi Set to Become a Global Reserve Currency





The IMF has confirmed the Yuan/Renminbi is set to become a Global Reserve Currency at an Economic Forum in Hong Kong.



With China's economy gaining global strength, the renminbi is set to become a global reserve currency, Zhu Min, deputy managing director of the International Monetary Fund, said Tuesday at an economic forum in Hong Kong.

Yesterday I wrote about the crossborder loans China

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