Looking ahead
China Daily | Updated: 2016-08-30 07:33
Events and stories coming up in the next few days
World Bank to issue bonds payable in yuan
In a major boost for the yuan, the World Bank is set to issue bonds denominated in the International Monetary Fund's Special Drawing Rights, but payable in the Chinese currency. The first batch, to be issued in Shanghai tomorrow, will be a three-year security with a face value of 500 million SDR units ($75 million). The Chinese government has been campaigning for greater international use of the yuan.
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