Reuters reporting on comments from an unnamed People’s Bank of China official
- Entry into SDR basket will help discover the Yuan's value
- Yuan's entry into IMF SDR basket will be starting point of China's financial reforms
OK ... I reckon the dude (I'm gonna bank on the official being a dude) is just trolling us ... but I'll bite.
On ...
- Entry into SDR basket will help discover the Yuan's value
In order to find its value why don't you float the currency instead of getting a bunch of bureaucratic lackeys to decide its value each day?