Yuan IMF Special Drawing Rights (SDR)
|Staff Reporter |||Nov 30, 2015 07:45 AM EST|
China's Yuan is expected to be included in the International Monetary Fund's (IMF) basket of currencies with Special Drawing Rights.
|Benjie Batanes |||Aug 05, 2015 12:45 PM EDT|
The International Monetary Fund (IMF) has released its findings on Tuesday and concluded that it will not add the Chinese Yuan in its Special Drawing Rights (SDR) arsenal until the latter part of next year. This is a clear setback for the Chinese government that has been campaigning for the Yuan to be added in the currency basket as soon as possible.
|Kwao Peppeh |||Jun 18, 2015 07:32 AM EDT|
Since the beginning of the month, a team of experts from the International Monetary Fund (IMF) have been in China to assess whether the yuan should finally be added to the organization's basket of currencies with Special Drawing Rights (SDR). While the government and central bank officials have expressed optimism about the prospects of the renminbi's inclusion, the questions remains about whether the currency will meet the IMF's requirements to be included in its SDR basket this time around.
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