Markets take renminbi's elevation as reserve currency in their stride
Vesna PoljakCompanies editor
Updated
The Chinese currency has been officially admitted into the special drawing rights basket managed by the International Monetary Fund, a move that will be recalled as significant in the context of China's gradual liberalisation of the renminbi.
As of October 1, the renminbi is recognised alongside the United States dollar, euro, Japanese yen, and sterling as reserve currencies.
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