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IMF Adds China's Yuan to Its Basket of Leading Currencies

The International Monetary Fund added China's yuan to its basket of key global currencies on Monday, a move that gives new status to the world's second leading economy. The IMF said that the yuan, also known as the renminbi, "met all existing criteria," to be added to the U.S. dollar, Europe's euro, the Japanese yen and the British pound as one of the currencies in the world organization's Special Drawing Rights grouping, the financial standard it uses in issuing...

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