The move to include the currency in the SDR basket will help China reform and play a bigger role on the world's financial stage By Shen Jianguang Christine Lagarde, head of the International Monetary Fund, said in a statement on November 13 that she supported a proposal to include the yuan in the Special Drawing Rights basket. The positive message comes after Beijing's recent efforts to fix operational issues highlighted by IMF staff in July and indicate that the yuan is getting closer to China's goal of having an international reserve currency. There is little doubt the IMF will approve including the yuan in its SDR basket at a board...
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