People perform a fire dragon dance in the shower of molten iron spewing firework-like sparks to celebrate the Lantern Festival, in Meizhou, Guangdong province, March 5, 2015.
The International Monetary Fund has officially designated the Chinese yuan a global reserve currency.
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That means that it joins an elite group of currencies — the dollar, the yen, the euro and the pound — in the Special Drawing Rights (SDR) basket.
This doesn't mean that money managers around the world will suddenly shift their holdings to...