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Yuan as reserve currency: IMF to take more time to consider

Friday, August 21, 2015 - 05:50
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In a move seen as paving the way for the Chinese yuan to join the elite group of currencies that are special-reserve asset currencies, the executive board of the International Monetary Fund (IMF) has opted for more time to consider the issue.

Tokyo

IN a move seen as paving the way for the Chinese yuan to join the elite group of currencies that are special-reserve asset currencies, the executive board of the International Monetary Fund (IMF) has opted for more time to consider the issue.

The basket of currencies called

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