Tag Archives: IMF’s Basket Of Reserve Currencies

Andy Xie Commented on the Chinese Yuan Joining IMF’s Basket Of Reserve Currencies

Andy Xie, renowned Chinese economist, is sceptical of the significance of the Chinese Yuan joining IMF’s Basket of Reserve Currencies. Andy Xie, a Shanghai-based analyst who was formerly chief economist for Asia at Morgan Stanley, was dismissive: “The SDR is just an accounting unit, this has no real world significance,” he told International Business Times. […]