You are here

China pushing for yuan to be added to IMF's SDR basket

If the yuan is added to the SDR basket, it would aid China's attempts to diminish the dollar's dominance in global trade and finance.


YOU can't buy a beer with it. You can't trade in it. Yet, China's push to win an arcane currency status bestowed by the International Monetary Fund is driving policy makers in Beijing to ease capital restrictions.

Board members of the IMF will vote this year on whether to