China’s efforts to make the yuan an international currency on a par with the US dollar is to receive a fillip, with the IMF widely expected to add it to a special basket of global currencies. Analysts said the shareholders in the Washington-based IMF would vote yesterday to include the yuan, also known as the renminbi, as the fifth member of its special drawing rights currency basket alongside the dollar, the yen, sterling and the euro. China has been lobbying for the...
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