RMB's Inclusion Could Spark A Massive ReshuffleGuest Post
RMB's Inclusion Could Spark Big Reshuffle by Dan Steinbock
THE inclusion of the renminbi in the currency reserve basket is only a matter of time. It could trigger a US$1 trillion reallocation of global reserve portfolios.
Before the summer, investment banks estimated that, in the medium-term, at least US$1 trillion of global reserves could switch into Chinese assets when, and if, the International Monetary Fund endorses the renminbi as a reserve currency.
However, a few weeks ago, the IMF recommended a delay of the inclusion. When will the IMF include the yuan in . . .
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