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Inclusion of RMB in IMF currency basket a mixed blessing for China

Monday, November 16, 2015 - 05:50
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The IMF Board is expected to agree on Nov 30 to include China's currency in its SDR basket, alongside the US dollar, euro, yen and pound.

Tokyo

CHINA'S renminbi (RMB) is set to take its place alongside an elite set of currencies that form the IMF's quasi international reserve currency known as Special Drawing Rights or SDRs. But some experts say the timing of the move may create problems for a Chinese economy that is

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