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IMF lifts weighting of RMB in SDR currency basket, a new step in RMB's internationalization
The International Monetary Fund (IMF) announced recently an increase in the weighting of the Chinese currency Renminbi (RMB) in the Special Drawing Rights (SDR) currency basket from 10.92 percent to 12.28 percent, marking a new milestone in the internationalization of the RMB.
May18,2022
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