Yuan at IMF basket

yuan dolarTC

The Real Reason China Wants Yuan in IMF’s Basket

Marc Chandler via Caixin | A mountain peak is easier to see when viewed from a valley than from the summit. Similarly, it may be easier to understand the changes in China’s currency regime if we take a step back and try to look at the big picture: Beijing wants its currency added to the SDR mechanism for status reasons, not to benefit its exports.