IMF inclusion of yuan 'very live' issue, says UK official

Beijing

BRITAIN weighed in on Tuesday to the debate on anointing the yuan as a major reserve currency, saying the issue was "very live" after Beijing asked the International Monetary Fund to include the currency in its Special Drawing Rights (SDR) basket.

The yuan is the world's fifth most-used currency in trade, and Beijing has made almost weekly strides this year in introducing the infrastructure needed to float it freely on global capital markets.