http://www.usatoday.com/story/money/business/2014/10/07/china-currency-push/16852193/
China is bidding to enter the heart of global finance by establishing
its currency, the renminbi, as part of an ubiquitous monetary unit used
in official transactions around the world.
The issue of whether
the Chinese should be part of the International Monetary Fund's Special
Drawing Right, the composite reserve currency used in official
financing, is highly technocratic, but the political questions at stake
go to the core of world money and power – and will be discussed, in the
background, at the annual meetings of the IMF and World Bank in
Washington this week.
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