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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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's executive board is scheduled to decide in November on putting the yuan on a par with the US dollar, yen, euro and pound sterling and a key factor will be its performance against a checklist of technical criteria, as assessed by IMF staff.
Share with us your feedback on BT's products and services
