The chinese renminbi1 has recently been accepted as a unit, Ask an Expert

Economics

The Chinese renminbi

1. has recently been accepted as a unit of currency in the IMF's special drawing rights basket

2. has a floating exchange rate

3. is a managed float currency

4. is not accepted for international trade given it is fixed, and China must buy other currencies on the foreign exchange market for exchange

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91675701

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