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China’s Central Bank Shrugs off Concern Over Falling Forex Reserves

Feb 29, 2016 12:58 PM EST

Yi Gang, the vice-governor of China's central bank, on Sunday shrugged off concerns about the possibility of an extended fall in China's foreign exchange reserves and reasserted her confidence in the strength of the Yuan.

China's Currency Gets Key Backing From IMF

Elena Garcia |

Nov 15, 2015 01:02 PM EST

The head of the International Monetary Fund, Christine Lagarde, says that she supports the bid to add China's yuan to the organization's exclusive club of the world's top currencies.

China's Yuan Takes Leap Toward Joining IMF Currency Basket

Elena Garcia |

Nov 14, 2015 06:07 AM EST

China's yuan moved one step closer to joining other top global currencies in the International Monetary Fund's benchmark foreign exchange basket on Friday. It happened after Fund staff and IMF chief Christine Lagarde gave the move the thumbs up.