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IMF's Lagarde says supports staff proposal to put yuan in currency basket

WASHINGTON, Nov 13 (Reuters) - Christine Lagarde, the head of the International Monetary Fund said on Friday that the global lender's staff had proposed including the Chinese yuan in the Fund's......

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Yuan ticks IMF boxes for reserve currency

China has ticked most of the boxes set by the International Monetary Fund (IMF) to grant the yuan reserve-currency status, prompting many banks to predict approval this month. Membership of the IMF...

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Yuan Should Be IMF Reserve Currency

China’s yuan should be included in the elite basket of currencies that comprise the International Monetary Fund’s lending reserves, IMF head Christine Lagarde said. ......

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Indonesia to use yuan in trade with China from 2016

Indonesia will use the yuan instead of US dollars in its trade with China starting next year, in a bid to save foreign exchange reserves and reduce dependency on the dollar, an official at the National...

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Reuters poll - Asia FX views bearish on U.S. rate bets; yuan outlook...

By Jongwoo Cheon SINGAPORE (Reuters) - Sentiment towards emerging Asian currencies deteriorated in the last two weeks on growing views of a U.S. rate rise in December with bearish bets on the Chinese...

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Chinese yuan weakens against USD for 8th day

BEIJING, Nov. 12 (Xinhua) -- The central parity rate of the Chinese currency yuan against the U.S. dollar fell for the 8th straight day on Thursday to the lowest level in more than a month. The yuan...

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UPDATE 1-IMF's Lagarde backs proposal to add China's yuan to currency basket

WASHINGTON, Nov 13 (Reuters) - International Monetary Fund chief Christine Lagarde on Friday backed adding China's yuan to the global lender's benchmark currency basket after staff found it met the......

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UPDATE 2-IMF's Lagarde backs proposal to add China's yuan to currency basket

WASHINGTON, Nov 13 (Reuters) - International Monetary Fund chief Christine Lagarde on Friday backed adding China's yuan to the global lender's benchmark currency basket after staff found it met the......

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Yuan weaker by 0.33 per cent this week and tipped to fall further

The yuan sank to a fresh six-week low on Friday, bringing the currency’s depreciation against the US dollar for the week to 0.33 per cent. Traders expect the yuan to weaken further in the near future...

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Yuan bonds eyed

Friday, November 13, 2015&nbsp Newsfeeds Contact Us About Us Archive Site Search Yuan bonds eyed Friday, November 13, 2015 Foreign asset managers are preparing to increase their exposure to yuan-...

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IMF's Addition Of China's Renminbi To SDR Basket Won't Make Much Difference

The IMF announced yesterday that the yuan, or renminbi, China's currency, will be added to the four other currencies that make up the foreign exchange basket that determines the value of Special...

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China welcomes IMF chief 's support on inclusion of RMB into SDR basket

China's Central Bank has welcomed Christine Lagarde's statement on supporting the inclusion of the RMB in the IMF's SDR currency basket. ......

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Foreign funds to follow IMF lead with yuan bond holdings

Foreign asset managers are preparing to increase their exposure to yuan-denominated bonds, as the International Monetary Fund (IMF) looks likely this month to approve the inclusion of China's "redback"...

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SDR inclusion far from enough to increase yuan’s allure to investors

The yuan is facing a long march towards reserve currency status , a process that won’t be dramatically accelerated by its potential inclusion in...

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Yuan IMF Reserve Nod Either Worth $1 Trillion or Just Symbolic

The yuan’s coronation as the International Monetary Fund’s fifth designated reserve currency will be either worth more than $1 trillion in fund inflows or little more than symbolic, depending on how...

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China's currency gets key backing from IMF

Washington: The head of the International Monetary Fund says she supports adding China to an exclusive club of the world's top currencies. Christine Lagarde said Friday that she supports findings by...

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China welcomes IMF chief's statement on inclusion of RMB in SDR

BEIJING, Nov. 14 (Xinhua) -- The People's Bank of China, the central bank, welcomed on Saturday a statement made by IMF chief Christine Lagarde recommending inclusion of Chinese yuan in SDR currency...

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Central bank welcomes IMF chief’s statement on RMB (The Central People's...

(Source: The Central People's Government of the People's Republic of China) BEIJING - The People's Bank of China, the central bank, welcomed on Nov 14 a statement made by IMF chief...

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IMF may decide inclusion of China's yuan in SDR this month

The IMF's consideration of China's yuan for inclusion in its SDR basket of elite currencies is on track with a decision possibly this month, Fund spokesman Gerry Rice said Thursday. With inclusion of...

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IMF may decide inclusion of China’s yuan in currency basket this month

The International Monetary Fund’s consideration of China’s yuan for inclusion in its basket of elite currencies is on track with a decision possibly later in November, Fund spokesman Gerry Rice said....

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