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Added on the 15/12/2015 08:31:55 - Copyright : Reuters EN
Beijing, Oct 14 (EFE/EPA).- China's central parity currency, the renminbi (yuan) rose 28 pips to 6.4386 against the US dollar on Friday. (Camera: WU HONG). SHOT LIST: WORKERS AT A WELDING PRODUCTION LINE AT THE SANY BEIJING ROTARY DRILLING RIG PLANT DURING A GOVERNMENT-ORGANIZED TRIP FOR JOURNALISTS, IN BEIJING, CHINA.
The International Monetary Fund admitted the yuan into the SDR basket of currencies on Monday and the People’s Bank of China has pledged to keep the currency stable as it vies to be a major economic player. Meg Teckman reports.
Getting the yuan into the IMF’s SDR basket may finally come to pass at the end of November, but the global lender is considering changes to the basket, putting equal weighting for the currency up in the air. Meg Teckman reports.
Getting the yuan into the IMF’s SDR basket may finally come to pass at the end of November, but the global lender is considering changes to the basket, putting equal weighting for the currency up in the air. Meg Teckman reports.
The yuan continued its fall a day after China devalued the currency to possibly help prop up the slowing economy, and both investors and market watchers are still trying to weigh up the implications. Meg Teckman reports.
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