RMB may make SDR a better stabilizer
By Zhu Qiwen | China Daily | Updated: 2015-11-19 07:48
The inclusion of the Chinese currency into the International Monetary Fund's basket of currency reserves looks imminent now.
Some domestic investors are very excited about the expected rise in overseas demand for the Chinese currency and assets that may help boost the stock market at home.
At the same time, some international media have played down the decision as being of token political importance because the IMF's Special Drawing Right assets remain little used other than as an accounting device.
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