[RT.com] Chinese yuan to become global reserve currency

"The International Monetary Fund (IMF) is expected to give the yuan a vote of confidence on Monday and include the Chinese currency in its Special Drawing Rights (SDR) that unites the US dollar, euro, British pound and the Japanese yen.

The historic decision will come after years of negotiations between Beijing and the IMF. The main obstacle was China’s monetary policy of keeping the yuan artificially low to boost domestic exports."

2 Likes

I think we were expecting this,no?

I think the IMF will regret this decision,China is still manipulating its currency each time it shows a bad GDP

I think below tweet is related:
"The real reason #IMF is admitting yuan to #SDR is not because China liberalized, but because China got enough #gold. "
:stuck_out_tongue: