International Monetary Fund approves China's yuan for benchmark currency basket
WASHINGTON: The International Monetary Fund admitted China's yuan into its benchmark currency basket on Monday, as expected, in a victory for Beijing's campaign for recognition as a global economic...
View ArticleStatement of IMF executive board on including yuan in SDR basket
November 30, 2015 The Executive Board of the International Monetary Fund (IMF) today completed the regular five-yearly review of the basket of currencies that make up the Special Drawing Right (SDR). A...
View ArticleBackgrounder: Q&A on IMF's SDR Review
WASHINGTON, Nov. 30 (Xinhua) -- The International Monetary Fund (IMF)'s executive board on Monday approved the inclusion of China's currency renminbi (RMB) in its Special Drawing Rights (SDR) basket as...
View ArticleChinese yuan to join elite global currency club
IMF chief says inclusion recognises Beijing’s progress at bolstering its monetary and financial systems...
View ArticleQ&A: Chinese yuan set to join IMF currency basket
A vote to include the yuan in the International Monetary Fund’s basket of elite currencies looks set to to pay off...
View ArticleIMF names yuan global reserve currency
The Executive Board of the International Monetary Fund on Monday decided to include the Chinese currency, the renminbi (yuan), into its basket of currencies that make up the IMF’s Special Drawing Right...
View ArticleIMF Opens Door to Adding Currencies to SDR Basket After Yuan Nod
The International Monetary Fund said currencies beyond the dollar, euro, pound and yen may meet the same key threshold as the Chinese yuan did to qualify for inclusion in the lender’s basket of reserve...
View ArticleIMF gives Chinese yuan prized reserve asset status
The IMF on Monday admitted China’s yuan into its benchmark currency basket, in a victory for Beijing’s campaign for recognition as a global economic power. The decision to add the yuan, also known as...
View ArticleChina's RMB joins IMF's elite currency club, tough journey ahead
WASHINGTON - The International Monetary Fund (IMF) on Monday announced that the Chinese currency, renminbi, is eligible for joining its Special Drawing Rights (SDR) currency basket. With the...
View ArticleYuan's inclusion in SDR basket may lead to devaluation - Rajan
MUMBAI (Reuters) - Reserve Bank of India Governor Raghuram Rajan said on Tuesday the inclusion of the yuan in the International Monetary Fund's special drawing rights basket...
View ArticleYuan's inclusion in SDR basket may lead to devaluation: Raghuram Rajan, RBI
MUMBAI: Reserve Bank of India Governor Raghuram Rajan said on Tuesday the inclusion of the yuan in the International Monetary Fund's special drawing rights basket...
View ArticleYuan’s globalization must be complemented by financial reform
The Yomiuri Shimbun The Chinese government must steadily promote financial system reforms, a task needed to ensure the yuan can be “freely usable” for transactions in a manner true to its newly...
View ArticleIMF delays adding yuan in SDR basket
While renminbi’s international use has been increasing, whether it is a freely usable currency is yet to be reviewedWashington, August 5 Washington, August 5 The International Monetary Fund (IMF) said...
View ArticleIMF defers addition of China’s yuan to currency basket until October 2016
The International Monetary Fund said on Wednesday it will freeze its benchmark currency basket until October 2016, giving markets more time to adjust to the possible addition of China’s yuan as part of...
View ArticleIMF freezes benchmark currency basket, defers any yuan addition
The International Monetary Fund said on Wednesday it will freeze its benchmark currency basket until October 2016, giving markets more time to adjust to the possible addition of China's yuan as part of...
View ArticleIMF staff urges no rush to add China yuan to currency basket
Reuters WASHINGTON (Reuters) — The International Monetary Fund should put off any move to add the yuan to its benchmark currency basket until after September 2016, IMF staff said in a report which...
View ArticleIMF poised to put Chinese yuan in elite currency basket
The International Monetary Fund is expected to approve inclusion of China's yuan in its SDR basket of elite currencies on Monday, rewarding Beijing's strong pursuit of the global status. The IMF...
View ArticleStrong hints that IMF ready to add Chinese yuan to SDR basket
IMF representatives have told China that the yuan is likely to join the fund’s basket of reserve currencies soon, according to Chinese officials with knowledge of the matter, a move that might make...
View ArticleIMF review recommends delaying currency basket adoption of yuan
(In fifth paragraph, corrects to show that IMF board will make the decision on whether yuan should be "freely usable," not that that the yuan did not meet the criteria) "If the RMB (renminbi) were...
View ArticleYuan still in play for SDR inclusion
Review on addition of Chinese currency underway, says IMF The International Monetary Fund said on Wednesday that the review on the inclusion of the yuan in its basket of Special Drawing Rights reserve...
View Article