IMF delays adding yuan in SDR basket

While renminbi’s international use has been increasing, whether it is a freely usable currency is yet to be reviewedWashington, August 5 Washington, August 5 The International Monetary Fund (IMF) said on Tuesday that it needs to do ‘significant work’ in reviewing the inclusion of China’s currency in its basket of ‘special drawing rights (SDR)’ reserve currency. The Chinese government is seeking...