ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

The yuan is in the IMF's currency basket, but it still can't touch the dollar

BEIJING Chinese authorities have finally gotten their wish: On Oct. 1, the yuan was added to the basket of currencies that make up Special Drawing Rights, the International Monetary Fund's reserve asset. But despite this coup, the Chinese currency is still a long way from challenging the dominance of the dollar.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more