Post Tagged with: "Renminbi"

China’s Currency Becomes IMF’s Fifth Reserve Currency

China’s Currency Becomes IMF’s Fifth Reserve Currency

Status Bump: China’s renminbi joins the dollar, euro, pound and yen as an IMF reserve currency

The International Monetary Fund (IMF) announced Monday that the international lender will include the Chinese renminbi, or yuan, in its basket of currencies that …

December 1, 2015 - 6:28 pm — Closing Bell Story‎, International, Oil and Gas 360 Articles
Devalued Yuan not Likely to Curb China’s Crude Purchasing

Devalued Yuan not Likely to Curb China’s Crude Purchasing

China currency devalues 4.4% in two days

Concerns over China’s financial situation continued this week as the country’s central bank pushed the value of the yuan (or renminbi) lower for three consecutive days. Moves by the People’s Bank of China, …

August 13, 2015 - 5:15 pm — International, Oil and Gas 360 Articles
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