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Monday, January 8, 2018

Central banks still shy away from the CNY even after it joins the IMF's SDR basket

The Chinese yuan was added to the IMF's special drawing rights basket on 1 October 2016 Remember all the talk about the CNY potentially rivaling the USD as the world's reserve currency? Well, yeah - almost a 1.5 years since that day - it looks like those talks were premature (maybe for now).
from Forexlive RSS Breaking news feed

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