The IMF just approved the Chinese yuan as a major world currency. What comes next is political. By Daniel McDowell Monday afternoon, the International Monetary Fund’s (IMF) Executive Board voted in favor of allowing China’s currency — the yuan (or renminbi) — to join the ranks of the world’s most elite monies. On Oct. 1, […]
Mark Schlarbaum
“New China” Global Development
Telephone: (949) 570-8988