| China will likely have to move ahead with market liberalization before the International Monetary Fund labels the country’s yuan a reserve currency, IMF officials said Tuesday, signaling a decision could be pushed into next year.
If China’s government doesn’t move fast enough to remove restrictions on market access, it could force the IMF to postpone a decision on Beijing’s bid to get the yuan included in the elite basket of currencies that comprise the fund’s lending reserves...............................................Full Article: Source
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