China's Currency

Reuters/Tyrone Siu - A man walks past an advertisement promoting China's renminbi (RMB) or yuan, U.S. dollar and Euro exchange services at foreign exchange store in Hong Kong, China, August 13, 2015.

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Hello China, meet Diaz-Alejandro! Interpreting the recent yuan devaluation

August 24, 2015, Brian Pinto

Brian Pinto examines China’s recent move to devalue the yuan and explains why it would not be in China’s best interest to internationalize the yuan and make it a reserve currency.

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