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Friday, May 26, 2017

The Chinese yuan has officially become the reserve currency of the IMF


The international monetary Fund has officially included the Chinese yuan from October 1 to the number of reserve currencies, the yuan Now according to their status on par with the dollar, Euro, yen, and British pound, reports “Interfax”.

In the basket of currencies the yuan will occupy 11%. The greatest weight have the dollar (42%) and the Euro (31%).

source

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