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IMF approves inclusion of China's RMB in SDR basket

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WASHINGTON, Nov. 30 (Xinhua) -- The International Monetary Fund (IMF)'s executive board on Monday approved the inclusion of China's currency renminbi (RMB) in its Special Drawing Rights (SDR) basket as an international reserve currency. The IMF board, which represented the fund's 188 member countries, decided that the RMB "met all existing criteria," the IMF said in a statement after completing...

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