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    Why International Reach of the Yuan Currency is Slipping

    While it currently maintains its spot as the world’s fifth most active for international payments, its share of this market has still shown a decrease.

    ...ost recent to join the basket that forms the International Monetary Fund’s (IMF) Special Drawing Rights (SDR), it’s international reach has actually fallen in the past two years. While it currently maintains its spot as the world’s f...

    Tags: yuan,international monetary fund,foreign exchange,international currency,china

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    The Inclusion of the Yuan Currency in the Special Drawing Rights

    Introduction of the Chinese yuan into the SDR is the first currency addition since 1999.

    ...e in the global economy. The second criteria: The currency is “freely usable.” This means its widely used in international transactions and exchange markets. Every five years the IMF Executive Board reviews the SDR to evaluate the ...

    Tags: yuan,china,renminbi,special drawing rights,international monetary fund,euro,pound,us dollar,yen

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    China’s Currency Creeps Closer Towards Growth

    The Chinese yuan is indicating signals of reaching global reserve status.

    ...n currency exchange services in North America for financial institutions, corporations and travelers. Products and services for international travelers include access to buy and sell more than 80 foreign currencies, multi-currency cash passport’s and...

    Tags: currency,currency exchange,money,economy,china,yuan,international monetary fund,asia,foreign exchange,foreign currency