China's Renminbi Joins Elite Club of Currencies

December 1, 2015 3:50 AM

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China's Renminbi Joins Elite Club of Currencies

Singapore Central Bank Warns of Credit Risks for Banking System

Hong Kong: The Chinese renminbi was anointed as one of the world's elite currencies on Monday, a milestone decision by the International Monetary Fund that underscores the country's rising financial and economic heft.

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