IMF approves China`s yuan as elite reserve currency
China, the world`s second-largest economy, asked last year for the yuan to be added to the Fund`s Special Drawing Rights basket.
Dec 01, 2015, 09:21 AM IST
international reserve asset
China, the world`s second-largest economy, asked last year for the yuan to be added to the Fund`s Special Drawing Rights basket.
Dec 01, 2015, 09:21 AM IST