DUBAI/WAM The UAE Year of Community 2025 has come to a close, successfully concluding its …
Read More »SDR issue suggests deeper problem for China
Amid all the buzz about China’s hosting the G-20 summit in Hangzhou — all the accords, arguments and alleged snubs — another symbolically significant event was largely obscured. Last week, the World Bank issued bonds denominated in Special Drawing Rights, or SDRs, in China’s interbank market. Beginning in October, the yuan will be included in the basket of currencies …
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