The International Monetary Fund’s executive board is likely to vote on Monday on whether China’s yuan will be included in its basket of international currencies. The renminbi’s inclusion in the Special Drawing Rights, or SDR, would mark a milestone in the greater use and importance of the currency around the world. Here are six things you need to know about the Special Drawing Rights. What is the SDR? The Special Drawing Rights is a reserve asset created by International Monetary Fund in 1969 as a supplement to member countries’ foreign exchange reserves and a financial instrument to offer help with liquidity to member nations facing a payment crisis. It is not a currency, nor a claim on the...
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