IMF to make Chinese yuan reserve currency in historic move
view arial, rx sans-serif;”>This will not help the dollar ....
The International Monetary Fund is to give the yuan a historic vote of confidence on Monday when it includes the Chinese currency in its elite club of major currencies.
The yuan, also known as the renminbi, is widely expected to be added to the IMFs group of international reserve currencies after an IMF meeting held by its managing director Christine Lagarde.
It comes after lengthy efforts by Chinese officials to legitimise the yuan, which critics say has been kept artificially cheap to artificially boost exports in the worlds second-largest economy. …
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Sovereign Man disagrees
https://www.sovereignman.com/trends/why-the-imfs-historic-decision-about-china-is-irrelevant-and-hilarious-18291/?inf_contact_key=a41ae5997024c5beb2b0be3b95c40734d8690aa7ad2545e5c61970bf6402efb8
Besides China, who gains?……..That’s the million yuan question.