Caixin
Feb 25, 2015 01:46 PM

Is It Time to Include the Yuan in IMF Basket?

As the next five-year review of the International Monetary Fund's international reserve asset approaches, reviewers should strongly consider the case for including the yuan in the basket.

The Special Drawing Rights (SDR) is an international reserve asset used to supplement IMF member countries' official reserves. Its value is based on a basket consisting of four key international currencies, namely the U.S. dollar, euro, British pound and Japanese yen.

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