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...
View ArticleChina 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...
View ArticleChina'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...
View ArticleChina 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...
View ArticleIMF 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...
View ArticleIMF 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,...
View ArticleChina'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...
View ArticlePress 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...
View ArticleIMF 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...
View ArticleChina'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...
View ArticleIMF 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...
View ArticleYuan'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...
View ArticleChina’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...
View ArticleWhat 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...
View ArticleYuan 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...
View ArticleWhat'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...
View ArticleIMF'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...
View ArticleYuan 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...
View ArticleChina 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...
View ArticleYuan 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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