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Chinese yuan's SDR entry to spur central banks to raise RMB holdings

12/01/2015 04:20 PM
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Taipei, Dec. 1 (CNA) A move by the International Monetary Fund to include the Chinese yuan into the IMF's reserve basket -- the Special Drawing Rights (SDRs) -- on Nov. 30 is expected to prompt central banks in the world to raise the Chinese currency in their portfolios, Standard Chartered Bank said Tuesday.


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