The International Monetary Fund (IMF) have extended the current Special Drawing Rights (SDR) basket by nine months, pushing the date to September 2016 as the earliest that China’s yuan can be included. The executive board comprising 188 members voted to extend the composition of the fund, said a statement from the IMF. This is so that the IMF has more…
Potential yuan move to join SDR delayed
20 August 2015
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