IMF lifts Chinese yuan's weighting in basket of top currencies - Kyodo News Plus

The International Monetary Fund has lifted the Chinese yuan's weighting in its elite basket of reserve currencies to 12.28 percent from 10.92 percent, the country's central bank said on May 15.

The International Monetary Fund has lifted the Chinese yuan's weighting in its elite basket of reserve currencies to 12.28 percent from 10.92 percent, the country's central bank said Sunday. In its … [+1846 chars]

full article...