China’s Influence Grows at the IMF As the Yuan Strengthens Its Status as a Reserve Currency.

China's strategy seems to be paying off.

Some call it the yuan, others the renminbi. But whatever you choose to call the Chinese currency, one thing is clear: it has just consolidated its status as an international reserve currency.

Last weekend, during a review of the composition of the Special Drawing Rights (SDR), the International Monetary Fund (IMF) announced the strengthening of the Chine…