(Source: Beijing Municipal Government) Exchange reform to continue after RMB included in IMF basket, senior official says China is ready to cope with possible risks arising from the renminbi being included in the IMF's reserve currencies basket, a senior official said on Tuesday. The global financial body decided on Monday to include the Chinese currency in the basket. The decision will give the renminbi the third-highest weighting, or 10.92 percent, after the US dollar and the euro in the special drawing rights basket. It was taken after the International Monetary Fund recognized the renminbi as...
↧