ABU DHABI/WAM Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, ...
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 ...
Read More »