Academic Stephen Roach on yuan’s move to IMF

Global Business

l1

l1

Senior lecturer Stephen Roach on yuan move to IMF currency basket Senior lecturer Stephen Roach on yuan move to IMF currency basket

The International Monetary Fund has decided to include China’s renminbi onto its reserve currency list. Effective from next October, the yuan will become the fifth currency in the Special Drawing Rights basket.

For more insight into the significance of the move, CCTV America’s Phillip Yin spoke to Stephen Roach. He’s the senior lecturer with Tale School of Business.

Academic Stephen Roach on yuan's move to IMF

Academic Stephen Roach on yuan's move to IMF

The International Monetary Fund has decided to include China's renminbi onto its reserve currency list. Effective from next October, the yuan will become the fifth currency in the Special Drawing Rights basket. For more insight into the significance of the move, CCTV America's Phillip Yin spoke to Stephen Roach. He's the senior lecturer with Tale School of Business.