US Approves Yuan SDR Inclusion after China Orders 300 Boeing Planes

After reassuring the United States that its economy will be propped up by China, Obama has given his thumbs up to the inclusion of Renminbi into the IMF’s SDR basket of currencies. Renminbi is the official “people’s currency” of China; Yuan is the primary unit of that currency. This will pave the way for the … Continue reading US Approves Yuan SDR Inclusion after China Orders 300 Boeing Planes