Finally, the decision for Chinese Yuan or RMB to be added to IMF's basket of elite reserve currency is finalized. Here is the detail... Benefit, benefit, benefit... Despite many controversies, analysts say that the IMF’s decision is in large part a political one designed to encourage stronger economic overhauls in the world’s No. 2 economy. Christine Lagarde believes this milestone will be the beginning of many reforms. This move will be effective in the late of next y...
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