Weekly Business
Tuesday, August 11, 2015
FINANCE
IMF Postpones Making Yuan a World Currency
THE International Monetary Fund (IMF) has delayed deciding on whether or not to adopt the Chinese yuan as a reserve currency until September 2016. The decision was made after IMF officials declared they needed more information before making a decision. "This is in order to avoid any money market disturbances," one IMF official explained, as quoted by Reuters last Wednesday.
FINANCE
IMF Postpones Making Yuan a World Currency
THE International Monetary Fund (IMF) has delayed deciding on whether or not to adopt the Chinese yuan as a reserve currency until September 2016. The decision was made after IMF officials declared they needed more information before making a decision. "This is in order to avoid any money market disturbances," one IMF official explained, as quoted by Reuters last Wednesday.
Currently, the US doll
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