慢速英语:IMF Adds China's Yuan to World's Top Currencies

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短语讲解：

1. The new IMF designation will take effect at the end of September 2016.

take effect 生效，奏效
例句：The new regulations will take effect tomorrow.
新的规定明天开始生效。

2. To achieve it, China had to give up some of its tight control over its currency and make reforms in its financial sector, reported the New York Times.  

give up 放弃; 投降
例句：Don't give up hope; keep on trying.
不要灰心，继续努力。