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Interview: IMF's lifting of RMB weighting in SDR currency basket shows high recognition of China, says Brazilian expert
The International Monetary Fund (IMF) announced an increase in the weighting of the Chinese renminbi (RMB) in the Special Drawing Rights (SDR) currency basket after completing a quinquennial review, which shows a high recognition and a seal of approval from the world-class financial institution towards China, said Hsia Hua Sheng, associate professor of international finance at the Getulio Vargas Foundation (FGV), the largest think tank in South America.
May18,2022
China's growth target "within reach": central bank governor
China's economy is on track to reach its growth target of around 6.5 percent this year with financial risks "well under control," the country's central bank chief said on Friday.
April24,2017
China's central bank can promote wider use of SDR, central banker says
The People's Bank of China (PBOC), China's central bank, could play a role in promoting the wider use of Special Drawing Rights (SDR), said Yi Gang, deputy governor of the PBOC, on Friday.
April24,2017
Chinese yuan's SDR inclusion to boost global trade: Ghanaian minister
The admission of the Chinese Renminbi (RMB) in the global convertible currencies by the International Monetary Fund (IMF) will boost global trade and economic growth, Ghana's finance minister Seth Terkper said.
October28,2016
China's yuan global push to facilitate Chinese investments in Egypt: experts
The Chinese yuan's recent inclusion in the International Monetary Fund (IMF)'s Special Drawing Rights (SDR) basket is expected to facilitate investments in Egypt, said Egyptian experts.
October14,2016
Higher RMB utilization expected in Africa following SDR entry
With China's financial cooperation with African countries going from strength to strength,there has been a rapid rise in the amount of transactions denominated in the Chinese currency, the yuan.
October14,2016
Spotlight: China' s RMB embarks on new journey towards global reserve status
China' s currency, the renminbi (RMB), is breaking the financial world' s ultimate glass ceiling and embarking on a new journey towards global reserve status when it formally joins the elite currency club of the International Monetary Fund (IMF) on Sat.
October08,2016
China Focus: RMB's SDR inclusion hailed by China business, analyst
The Renminbi's inclusion into the elite reserve currency basket of the International Monetary Fund (IMF) on Saturday was hailed by Chinese businesses and analysts as a "historic moment".
October08,2016
RMB's inclusion in SDR basket supports China's reforms, IMF deputy managing director
The historic inclusion of China's Renminbi into the Special Drawing Right (SDR) basket of the International Monetary Fund (IMF) has deeper significance for China and the global economy, said Zhang Tao, deputy managing director of the IMF, on Wednesday.
October08,2016
Interview: Chinese yuan's inclusion in SDR basket crucial for its globalization: economist
The Chinese yuan's inclusion in the International Monetary Fund (IMF)'s Special Drawing Rights (SDR) basket from Oct. 1 is crucial for the currency's globalization, said an Argentine economist.
October08,2016
RMB's inclusion in SDR basket marks important milestone for global monetary system: IMF
The inclusion of the Chinese currency, Renminbi, in the Special Drawing Right (SDR) basket by the International Monetary Fund (IMF) is an important milestone for the international monetary system, said a senior IMF official on Wednesday.
September22,2016
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