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IMF's Recognition of Chinese Yuan: China's yuan (renminbi or RMB or CNY) joined the basket of reserve currencies identified by the International Monetary Fund (IMF)

IMF's Recognition of Chinese Yuan: China's yuan (renminbi or RMB or CNY) joined the basket of reserve currencies identified by the International Monetary Fund (IMF) in October 2016. Will Chinese yuan gain the status of the dollar or euro and become a currency of international exchange? Express your personal opinion on this .

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