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WEALTH INSIGHTS

Yuan goes into IMF's Special Drawing Rights basket

This should spur China to push for more structural reforms, but it seems this strategic importance has faded.
Saturday, October 1, 2016 - 05:50

THE yuan or renminbi joins the International Monetary Fund's (IMF) Special Drawing Rights (SDR) basket on Oct 1, which is also China's National Day. So the day is double-happiness for China.

For the world, the yuan's entry to the SDR basket seems to be much to do about nothing, with only

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