Central banks still shy away from the CNY even after it joins the IMF's SDR basket - ConsultFX

Central banks still shy away from the CNY even after it joins the IMF's SDR basket

The Chinese yuan was added to the IMF's special drawing rights basket on 1 October 2016 Remember all the talk about the CNY potentially rivaling the USD as the world's reserve currency? Well, yeah - almost a 1.5 years since that day - it looks like those talks were premature (maybe for now). Copyright 2015 Forexlive.com