RMB's share of global forex reserves hits record: IMF

Posted by Fullerton Markets on Jan 6, 2020 6:00:00 PM

Chinese yuan notches record high, beating Swiss francs, Australian dollars and Canadian dollars in global forex reserves.

2015's yuan fixing reform, which made the currency more transparent, contributes to the increase, according to our Chief Strategist Jimmy Zhu. Read CGTN's full report here.