The Renminbi as an IMF Reserve Currency

... from other reserve currencies because it will be the only reserve currency with a fixed exchange rate. The renminbi cannot be bought and sold freely. It will only become freely convertible in 2020. Experts point out that if it was not the Chinese renminbi , but the currency of some other state, the IMF would not have made such concessions REUTERS/Aly Song Stanislav Tkachenko: Confucius Missed this One — The Faltering Chinese Stock Market This suggests that the IMF has turned a blind eye on certain things ...