Chinese yuan set to be inducted into IMF currency basket
China`s yuan is poised to enter the International Monetary Fund`s elite SDR basket of currencies, raising Beijing`s banknotes to the status of global reserve asset.
Sep 30, 2016, 23:51 PM ISTIMF poised to put Chinese yuan in elite currency basket
The International Monetary Fund is expected to approve inclusion of China`s yuan in its SDR basket of elite currencies on Monday, rewarding Beijing`s strong pursuit of the global status.
Nov 29, 2015, 09:44 AM IST