OMFIF’s most read 2020: China seeks second wind for renminbi, Ways and Means is not monetary financing… yet
Wednesday 30 December 2020 – Vol.11 Ed.53.2
The year’s top stories: China seeks second wind
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...