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The IMF Executive Board has approved the Chinese yuan to be used as a major world currency to be included in the Special Drawing Rights (SDR) basket.
Chinese RMB Gets IMF Approval as Major World Currency

ByManny Salvacion | Dec 01, 2015 07:58 AM EST

China hopes to make the yuan one of the currencies in the IMF's basket of currencies.
More Central Banks Will Hold Assets in Chinese Currency: Economists

ByEL Borromeo | Nov 17, 2015 07:51 AM EST

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