China's yuan has just won promotion to the premier league of global currencies.
The International Monetary Fund on Monday approved the yuan for inclusion in its elite basket of reserve currencies in what amounts to a major vote of confidence in Beijing's economic reforms.
IMF Managing Director Christine Lagarde said the decision represented "an important milestone" in China's integration into the global financial system.
Read more... http://money.cnn.com/2015/11/30/investing/imf-yuan-reserve-currency/index.html?iid=hp-stack-dom
