Quantcast
Channel: WN.com - Articles related to China’s yuan takes another step towards SDR basket inclusion
Viewing all articles
Browse latest Browse all 214

IMF says yuan on path to inclusion in SDR basket

$
0
0
WASHINGTON, April 16 (Reuters) - China's economic reform plans, including opening up its capital account and deepening financial markets, should help Beijing meet the IMF's criteria to join its Special Drawing Rights currency basket, the head of the IMF said on Thursday. International Monetary Fund Managing Director Christine Lagarde earlier this year said it was a question of when, not if, China's yuan will be included in the SDR basket - currently made up of dollars, yen, pounds and euros. The IMF is due to review the basket's composition later this year to...

Viewing all articles
Browse latest Browse all 214

Trending Articles