| The International Monetary Fund's decision to include the renminbi in its reserve currency basket is a major benchmark in China's push to internationalize its currency, but it could also be a sign of decline for the currencies it is replacing.
Starting in late 2016, the renminbi will make up about 11 percent of the basket that defines the value of IMF special drawing rights — a type of reserve asset that makes up a small but symbolic portion of overall currency reserves...............................................Full Article: Source
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