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Developing countries to receive $275bn as IMF commences distribution of $650bn SDRs

Developing countries are expected to receive $275 billion dollars out of the International Monetary Fund’s (IMF) $650 billion dollars Special…

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Chinese yuan weakens to 6.4691 against USD Thursday

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 36 pips to 6.4691 against the U.S.…

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