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Now's the time to formulate an RMB strategy

Expect significant inflows into renminbi, now that it is a global reserve currency here.

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By far the most significant direct effect from the RMB's inclusion on currency flows will come from multilateral institutions, which will need to rebalance their balance sheets, now SDR-denominated, to include the RMB.

FOLLOWING the announcement in November that the renminbi (RMB) meets the criteria of the International Monetary Fund (IMF) to become a "freely usable" currency, the IMF executive board has now formally decided to include the currency in its Special Drawing Rights (SDR) basket of currencies from

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