Yuan's SDR listing may boost investor sentiment towards emerging markets: Expert
As the Chinese renminbi (RMB) joins the league of global reserve currency along with the US dollar, British pound, euro and the Japanese yen, Jameel Ahmad, Chief Market Analyst at ForexTime- a Europe-based forex think tank- throws some light on its long- and short-term impact on the global currency markets. Interview by Himanhsu Vatsa | The Dollar Business Bureau During the quinquennial review of its SDR (Special Drawing Rights) basket, the International Monetary Fund (IMF) included Chinese yuan as fifth reserve currency. The change will come into force from October 1, 2016 The Dollar Business (TDB): The International Monetary Fund (IMF) has included Chinese yuan among the reserve currency basket? What will be its impact on global trade? J Ahmad: The ...
