The IMF will add the yuan to its basket of reserve currencies, an international stamp of approval of the measures China has taken to integrate into a global economic system
In the news: RMB joins the IMF club, Chinese accounting aligns with IFRS and China boosts legal ties with Africa
The IMF accepted the renminbi as a reserve currency, the Ministry of Finance signed an MOU with the IFRS Foundation and the China-Africa Joint Arbitration Centre was launched
By
Katherine Jo
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