The US dollar, Chinese Yuan, and various gold bars grouped together

The IMF Elevates China’s Yuan: 4 Things to Know

On October 1, the International Monetary Fund (IMF) added the Chinese yuan to its special drawing rights (SDR) basket of currencies. If you’ve read these headlines, you likely have a few questions. What’s the yuan? What does the IMF do? What does this mean for the U.S. economy, if anything at all? Read on to…