Dragon enters SDR league; poses challenge to dollar-dominant trade

How the Chinese Central Bank manages with market forces in allowing them to determine currency valuation remains a real challenge By Sai Nikesh D Reflecting the relative importance of Chinese currency in the global trading and financial systems, the International Monetary Fund (IMF) on November 30 announced inclusion of the Chinese Renminbi (RMB) into the … More Dragon enters SDR league; poses challenge to dollar-dominant trade