Adding the yuan as a reserve currency will allow central banks to buy more of the Chinese currency, and boost investment in the Chinese stock market. According to Standard Chartered bank, within five years market players will invest at least $1 trillion in Chinese assets.
The historic decision has come after years of negotiations between Beijing and the IMF. The main obstacle was China’s monetary policy, which has kept the yuan artificially low to boost domestic exports .... https://www.rt.com/business
