The yuan joins the US dollar, the euro, the British pound and the yen as the fifth IMF reserve currency on Saturday. Photo: Reuters

Yuan joins IMF’s elite reserve currency club in a milestone moment for China

The yuan becomes the fifth member of the prestigious SDR basket on Saturday, but more reforms are needed before it is a freely traded currency, say analysts

Topic |   SDR

TOP PICKS

The yuan joins the US dollar, the euro, the British pound and the yen as the fifth IMF reserve currency on Saturday. Photo: Reuters
READ FULL ARTICLE