IMF executive board to vote on Yuan inclusion Nov. 30

The staff nod makes approval by the fund’s board this month all but certain

Yuan_ paper money_1200x-1

China’s yuan is poised to enter the big leagues of global currencies, according to the judgment of the International Monetary Fund.

IMF staff have recommended the yuan be included in the fund’s Special Drawing Rights reserve-currency basket, alongside the U.S. dollar, euro, pound and yen, IMF Managing Director Christine Lagarde said Friday.

It would be the first change in the SDR’s currency composition since 2001, when the euro replaced the German deutsche mark and French franc.

READ MORE:

http://www.bloomberg.com/news/articles/2015-11-13/imf-staff-recommend-yuan-be-included-in-reserve-currency-basket

http://www.dailymail.co.uk/wires/reuters/article-3303263/IMF-says-no-firm-date-yuan-SDR-review-despite-report-delay.html

http://www.reuters.com/article/2015/11/04/us-imf-china-yuan-meeting-idUSKCN0ST1XH20151104


Sponsored by:

Blanchard logo