As Chinese citizens stayed home over this Lunar New Year holiday amid concerns about the coronavirus, several major cities were busy doling out fresh handouts of China’s rapidly developing central ...
Today's announcement that the International Monetary Fund is to add the Chinese renminbi to its list of reserve currencies is a lot more significant than that slightly arcane description might suggest ...
LONDON, April 7 (Reuters) - The world's top finance ministers are set to back a new $650 billion allocation of the International Monetary Fund's own currency, Special Drawing Rights, to help ...
(1) The value of the U.S. dollar in terms of the SDR is the recip rocal of the sum of the dollar values, based on market exchange rates, of specified quant ities of the first four currencies shown.
(1) The value of the U.S. dollar in terms of the SDR is the recip rocal of the sum of the dollar values, based on market exchange rates, of specified quant ities of the first four currencies shown.
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