Senior lecturer Stephen Roach on yuan move to IMF currency basket
The International Monetary Fund has decided to include China’s renminbi onto its reserve currency list. Effective from next October, the yuan will become the fifth currency in the Special Drawing Rights basket.
For more insight into the significance of the move, CCTV America’s Phillip Yin spoke to Stephen Roach. He’s the senior lecturer with Tale School of Business.
Academic Stephen Roach on yuan's move to IMF
The International Monetary Fund has decided to include China's renminbi onto its reserve currency list. Effective from next October, the yuan will become the fifth currency in the Special Drawing Rights basket.
For more insight into the significance of the move, CCTV America's Phillip Yin spoke to Stephen Roach. He's the senior lecturer with Tale School of Business.
Related