You are here

IMF set for green light on yuan joining currency basket: sources

Executive board is scheduled to decide in Nov on putting unit on par with US dollar, yen, euro and pound sterling

BT_20151027_DNIMF_1945550.jpg
Beijing is pushing for the yuan to join the SDR basket as part of its long-term strategic goal of reducing dependence on the US dollar and to mark the country's coming of age as an economic power.

Washington

INTERNATIONAL Monetary Fund (IMF) staff are set to give the all-clear for China's yuan to be included in the lender's benchmark currency basket, laying the groundwork for a favourable decision by policymakers, people familiar with the discussions said on Sunday.

The IMF'

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