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News Bulletin
Editorial Note
It is once again our pleasure to present to you the fresh edition of our News Bulletin.During the interregnum many important events have taken place. India China trade story is firmly in place and unfolding with tremendous speed in many dimensions.
Why China Wants Yuan to be the World's 5th reserve Currency
China is a step closer to obtaining special drawing rights status for its currency from the IMF, a move that would see the Yuan joining the greenback, Euro, Yen and British pound. Addition to the SDR would add Yuan to the basket of currencies IMF member countries can count toward their official reserves.