You are here

IMF likely to add yuan to list of SDR currencies soon: Washington body

The IIF said, however, that the rapid pace of the internationalisation of the yuan could slow somewhat for now, as a result of China's slowdown and the depreciation of its currency.


The International Monetary Fund (IMF) is this month likely to approve of the yuan being added to its basket of currencies known as Special Drawing Rights or SDRs, marking a further step along the road toward full internationalisation of the Chinese currency.

The Washington-