The International Monetary Fund has approved China's yuan into its elite reserve currency, in a decision described as "an important milestone" for the world's second largest economy.
With the decision, the yuan, also known as the renminbi, will join the US dollar, euro, Japanese yen and British pound next year in the list of currencies the IMF uses as an international reserve asset.
Read Full Story ....
Aljazeera >>>
:
Source: Aljazeera
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |