The Rise and Role of the Renminbi as an International Reserve Currency

The IMF’s decision to formally include the renminbi as one of five hard currencies in its SDR basket, and the half-decade or so of liberalizing reforms leading into it, is likely to be recorded by economic historians with the corresponding level of attention that is devoted to the establishment of the Federal Reserve System almost-exactly a century ago.

Sourabh Gupta Senior Research Associate, Samuels Int'l Associates via CHINA US Focus http://ift.tt/1IFkcB2