China's yuan was included in the International Monetary Fund's elite SDR basket of currencies on Saturday, raising Beijing's banknotes to the status of a global reserve asset. Photo: AFP

Milestone inclusion as IMF reserve currency only one step to Chinese yuan becoming truly international

Central bank says further market-oriented reforms necessary

Topic |   SDR

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China's yuan was included in the International Monetary Fund's elite SDR basket of currencies on Saturday, raising Beijing's banknotes to the status of a global reserve asset. Photo: AFP
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