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Reporter: The IMF's executive board decided that the renminbi qualified for the SDR basket and existing criteria. Christine Lagarde, managing director of the IMF, made the announcement in Washington. Lagarde says the decision is an important mileston
As of October 1st of next year, the renminbi, literally translated as the people's currency, will become the fifth currency in the SDR basket, alongside the U.S. dollar, the euro, the Japanese yen and the British pound. Hong Hao, chief strategist at
Japan has restarted its first nuclear reactor under new safety rules following the 2011 Fukushima disaster. 日本遵照2011年福岛地震后实施的新安全条例,重新启动了首个核反应堆。 All Japan's nuclear plants were gradually sh
HONG KONG, Jan. 18 (Xinhua) -- It was a big mistake for the International Monetary Fund (IMF)(国际货币基金) not to include the Chinese currency, renminbi (RMB), in the international reserve basket in its recent reevaluation of the content of SD
LONDON, April 23 (Xinhua) -- The Industrial and Commercial Bank of China (ICBC) (London) plc said on Monday it would work on boosting off-shore trading of Chinese currency RMB, also known as yuan, here in Europe. Xu Jinlei, general manager of ICBC Lo
The central bank here in China is making moves to allow more flexibility in the yuan's exchange rate. Yi Gang, deputy governor of the People's Bank of China, has made the suggestion on the sidelines of the National People's Congress. At the same time
Sherry Madera, Director of Financial Services with the UK Trade and Investment office in China, speaking with CRI's Luo Yu.
Emirates NBD, the biggest lender by assets in the United Arab Emirates, has launched Renminbi-denominated accounts and deposits. The bank says the move is meant to help small and medium enterprises in the Kingdom which do business with China. There a
A senior official with the National Development and Reform commission stresses that cross-border capital flow is changing within a reasonable range. Zhao Chenxin says the RMB exchange rate against a basket of currencies generally remained stable and
Finance officials from 14 nations in eastern and southern Africa have gathered in Zimbabwe, discussing the possibilities of using the Chinese yuan as a reserve currency in the region. They are also vowing to use the Chinese currency more often with t