So, indeed the Yuan was made into a reserve currency and the link-by-failure is already being established. It is interesting, though, that the bulk of the value transfer involved is coming from the Euro, not the Dollar or Yen. Linked by the IMF formally or not, though, if either the Euro or the Yuan fail […]
Tag: yuan
China: Yuan Will Be a Reserve Currency, Come What May
EDIT: Indeed, it has been made a reserve currency, or at least it looks like announcements have already been made to pave the way. The IMF is considering adding the Yuan to the group of reserve currencies. That would put it alongside the U.S. Dollar, the Japanese Yen, the English Pound, and the Euro in […]