Moneycontrol
HomeNewsBusinessMarketsChinese yuan set to be inducted into IMF currency basket

Chinese yuan set to be inducted into IMF currency basket

In a policy milestone long sought by the Chinese government, which oversees the world's second-largest economy, the yuan now joins a prestigious club of major international reserve currencies also comprising the US dollar, pound, yen and euro.

October 01, 2016 / 12:58 IST
Story continues below Advertisement
first published: Oct 1, 2016 12:52 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!