Why China Wants Yuan to Be the World’s 5th Reserve Currency - Bloomberg Business

Why China Wants Yuan to Be the World’s 5th Reserve Currency - Bloomberg Business At a forum on Sunday, central bank Governor Zhou Xiaochuan swapped the topic of a panel discussion so he could pitch the renminbi’s readiness for reserve status to his co-speaker, IMF Managing Director Christine Lagarde. Premier Li Keqiang told Lagarde in a meeting Monday that China hopes to get the IMF’s seal of approval, according to the government. It may have worked.http://www.bloomberg.com/news/articles/2015-03-23/why-china-wants-its-yuan-to-be-the-world-s-5th-reserve-currency?utm_source=The+Sinocism+China+Newsletter&utm_campaign=495dfbf857-Sinocism03_24_15&utm_medium=email&utm_term=0_171f237867-495dfbf857-29615013&mc_cid=495dfbf857&mc_eid=5935182a65