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Recent news out of China

The FT reports that the yuan became an official reserve currency today.  The recent depreciation of the yuan has become a non-issue: But Chen Long, China economist at Gavekal Dragonomics, notes that for most investors — and even the US government — the PBoC’s “gradual and managed depreciation of the renminbi is a non-story right […]
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Yuan could become reserve currency

Business & Finance : Business Report

China's yuan will one day compete for a place alongside the mighty dollar as a reserve currency hoarded by central banks. ||| Shanghai - China's yuan will one day compete for a place alongside the mighty dollar as a reserve currency...

MARK MOBIUS: There's a high chance China's yuan becomes a reserve currency

Business & Finance : Business Insider: Clusterstock

In recent months, China has stepped up a longstanding campaign for its currency (officially called the renminbi [RMB] but also referred to as the yuan), to be included as a part of the composition of the International Monetary Fund’...

China's yuan joins elite club of IMF reserve currencies

Business & Finance / Mortgage & Banking : Mortgage Lender Implode-O-Meter

``The yuan joins the U.S. dollar, the euro, the yen and British pound in the IMF's special drawing rights (SDR) basket, which determines currencies that countries can receive as part of IMF loans. It marks the first time a new curre...

GaveKal Answers "How Low Can The Renminbi Go"

Business & Finance : Zero Hedge

From Chen Long of Evergreen GaveKal Renminbi Limbo: How Low Can It Go? As we argued last week, the recent depreciation of the Chinese currency was engineered by the central bank—not as a competitive devaluation, but rather to rout s...

Much To The Dismay Of China Haters, The Yuan Goes Global On Oct. 1

Business & Finance : Forbes: Business

China's yuan becomes part of the IMF currency basket on Saturday.


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