China seeks second wind for renminbi, In conversation with Robert Kaplan
Friday 3 July 2020 – Vol.11 ed.31.6
Commentary: China seeks second wind for renminbi
By Geoffrey Yu in London
Yi Gang, governor of the People’s Bank of China, has called for a new general issue of the International Monetary Fund’s special drawing right to mitigate the impact of the Covid-19 crisis. The SDR is a reserve asset which can be redeemed at any central bank for hard currency. Beijing sees a potential second wind...