1. Maiden voyage.
- Subjects
- *
RENMINBI , *MONEY , *FOREIGN exchange rates - Abstract
The article focuses on the possibility for a reserve-currency status to weaken yuan. It mentions that transit fees for passing the Suez canal are denominated in Special Drawing Rights, a basket of currencies used by the International Monetary Fund (IMF) as its unit of account. It notes that the decision of the IMF will force companies around the world to buy yuan-denominated assets as soon as possible.
- Published
- 2015