DUBAI/WAM The UAE Year of Community 2025 has come to a close, successfully concluding its …
Read More »Yuan joins IMF reserves in first revision since 1999
Bloomberg The yuan took on the mantle of a global reserve currency Saturday, a milestone that is seen breathing life into China’s bond markets by prompting estimated inflows of as much as $1 trillion over the next five years. The currency’s entry into the International Monetary Fund’s Special Drawing Rights — alongside the dollar, euro, pound and the yen …
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