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Yuan joins SDR basket on Oct 1, but analysts say full liberalisation not in sight
They add that Beijing's efforts to make its financial system more transparent have retrograded in the past year
Add BT as a preferred sourcePublished Thu, Sep 29, 2016 · 09:50 PM
Beijing
THE Chinese currency will be included in the special drawing rights (SDR) basket of the International Monetary Fund (IMF) from Saturday.
Although this means the yuan will become a reserve currency, analysts say it still has long way to go before it becomes fully liberalised and makes meaningful global impact.
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