Bank of China’s Cao: Yuan ‘Maybe’ in IMF Basket by 2016

16-Apr (Bloomberg) — Bank of China Chief Economist Cao Yuanzheng talks about the likelihood of the yuan winning reserve status by being included by next year in the International Monetary Fund’s basket of currencies and the benefits of such status for global currencies and China’s new institutions, the New Silk Road Fund and Asian International Investment Bank. Cao, speaking with Bloomberg’s Flavia Rotondi in Rome, also discusses prospects for a potential withdrawal of Greece from the euro.

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