You are here

MONEY MATTERS

Can RMB become SDR component currency?

The renminbi may not yet qualify to be included in the IMF's Special Drawing Rights but the game may change in Beijing's favour.

THE discussion about including the renminbi in the International Monetary Fund's (IMF) Special Drawing Rights (SDR) is not new. People's Bank of China governor Zhou Xiaochuan first raised the question on the SDR components when he suggested in March 2010, at a G20 meeting in London, to replace

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom