Updated 11:29 AM EDT, Tue, Jun 16, 2020

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Yuan IMF Special Drawing Rights (SDR)

Chinese New 100 Yuan Notes Wheeled Out

IMF to Make Chinese Yuan Reserve Currency in Historic Move

China's Yuan is expected to be included in the International Monetary Fund's (IMF) basket of currencies with Special Drawing Rights.

Yuan, IMF, SDR,

IMF Not Yet Ready to Add Chinese Yuan in Currency Basket

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.

Yuan, IMF, SDR,

Will the IMF Grant the Renminbi Special Drawing Rights Status?

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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