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China's central bank welcomes IMF chief's statement on RMB

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 Special Drawing...

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China welcomes IMF support for yuan

China yesterday welcomed backing from IMF experts that the yuan should be included in its reserve currencies, saying the move would strengthen the world’s financial system. Now the world’s...

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China's central bank welcomes IMF MD Lagarde's statement

BEIJING, Nov. 14 (Xinhua) -- China's central bank, welcomed on Saturday a statement by Christine Lagarde, managing director of the International Monetary Fund (IMF), on IMF's quinquennial review of...

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China welcomes IMF backing to make yuan world reserve currency

Beijing: China on Saturday welcomed backing from IMF experts that the yuan should be included in its reserve currencies, saying the move would strengthen the world's financial system. Now the world's...

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IMF Staff Recommend Yuan Inclusion in Reserve-Currency Group

China won the endorsement of International Monetary Fund staff members for the yuan’s inclusion in a basket of reserve currencies, paving the way for a step that would validate President Xi Jinping’s...

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IMF chief supports inclusion of RMB into SDR basket

WASHINGTON - Christine Lagarde, managing director of the International Monetary Fund (IMF), said Friday that the IMF staff has proposed the Executive Board to include the Chinese currency, the RMB,...

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China's yuan takes leap towards joining IMF currency basket

By Krista Hughes WASHINGTON (Reuters) - China's yuan moved closer to joining other top global currencies in the International Monetary Fund's benchmark foreign exchange basket on Friday after Fund...

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Press Release: Statement by Ms. Christine Lagarde on IMF Review of SDR Basket...

(Source: IMF - International Monetary Fund) Press Release No. 15/513 November 13, 2015 Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF) issued the following statement...

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IMF experts recommend inclusion of Chinese yuan in elite currency basket

IMF experts recommended Friday that the Chinese yuan be included in the Fund's SDR basket of currencies, backing a strong push by Beijing to join the elite grouping. IMF chief Christine Lagarde said in...

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China's RMB closer to IMF's SDR basket

The International Monetary Fund (IMF) will hold a board meeting on Nov 30 to consider whether the RMB should be included in the Special Drawing Rights basket. The IMF Managing Director Christine...

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IMF experts recommend inclusion of China's yuan into the elite SDR currency...

Washington (AFP) - IMF experts recommended Friday that the Chinese yuan be included in the Fund's SDR basket of currencies, backing a strong push by Beijing to join the elite grouping. Now the world's...

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Yuan's prospects for SDR advance: official

President Xi Jinping and Western leaders reached wide consensus on international financial governance reform during their recent meetings, a senior Chinese official said on Saturday, when commenting on...

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China’s yuan takes another step towards SDR basket inclusion

China’s currency, the yuan, took another step forward towards joining the elite group of global reserve currencies on Saturday when the International Monetary Fund’s (IMF) staff on Saturday recommended...

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What the Rise of the Yuan Means for the Global Economy

With China’s yuan taking the biggest step yet toward joining the dollar and euro as a top-rank reserve currency, the global economy may be approaching an era of greater stability. So say economists who...

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Yuan Advance Seen Along With Bonds After IMF Entry a Done Deal

The yuan’s likely ascent to the IMF’s Special Drawing Rights will stave off depreciation concerns in the short-term, boost the bond market and oblige President Xi Jinping to push ahead with efforts to...

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What's Next for the Yuan After Joining the IMF's Currency Club?

The yuan is set to join the IMF’s exclusive club of reserve currencies, with the fund’s staff supporting its inclusion after months of persuasion and policy changes by China. Approval by the...

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IMF's Lagarde and staff support adding China's currency to SDR basket

WASHINGTON (MarketWatch) -- International Monetary Fund Managing Director Christine Lagarde said Friday that she supports a staff proposal to include China's...

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Yuan poised to be a global currency, says IMF's Christine Lagarde

China's currency is poised to enter the big league of global currencies, according to the International Monetary Fund. The body charged with global monetary cooperation have recommended the yuan be...

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China welcomes IMF green light to yuan

China welcomes support from the IMF to include the yuan in the elite basket of reserve currencies possibly at the end of this month. On Friday, IMF chief Christine Lagarde said the International...

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Yuan set to join IMF currency basket

WASHINGTON: China’s yuan moved closer to joining other top global currencies in the International Monetary Fund’s benchmark foreign exchange basket after Fund staff and its chief Christine Lagarde gave...

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