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Urgent: IMF decides to include China's RMB in SDR basket

Xinhua, December 1, 2015 Adjust font size:

The International Monetary Fund (IMF) announced on Monday that Chinese's currency renminbi (RMB) is eligible for joining the Special Drawing Rights (SDR) basket as an international reserve currency.

It brings the renminbi, or the yuan, into an exclusive group of currencies that make up the IMF's own reserve basket, which is currently comprised of the U.S. dollar, the euro, the British pound and the Japanese yen. Enditem