The Chinese yuan will be officially available for loans and repayments for members of the International Monetary Fund (IMF) on Oct 1, as previously scheduled, according to the international financial organization.
The International Monetary Fund is exploring ways to broaden the use of its Special Drawing Rights after the leaders of the G20 reached a consensus on the matter at the G20 Summit in Hangzhou.
Zhang Tao, deputy governor of China's central bank, formally assumed his duties as deputy managing director of the International Monetary Fund on Monday, an appointment that analysts said showcases China's rising influence in the field of global financial governance.
The International Monetary Fund (IMF) said Friday that China's near-term economic outlook is positive, with an expected growth rate as high as 6.6 percent this year.
The International Monetary Fund said the yen’s surge this year has brought the Japanese currency closer to its fair value, in an assessment that contrasts with expressions of concern by the country’s policy makers about the exchange rate.
The International Monetary Fund (IMF) on Tuesday marginally pared India's growth estimate, saying it expects it to grow 7.4% in the current financial year (2016-17) as it also trimmed global growth projections due to Brexit.
Fund now expects global GDP to grow at 3.1% in 2016 and 3.4% in 2017
The International Monetary Fund (IMF) on Tuesday revised down its forecast for global growth in 2016 and 2017, due to the uncertainty surrounding Britain's exit from the European Union (Brexit).
The International Monetary Fund (IMF) said on Friday that the euro area GDP growth was expected to decelerate to 1.6 percent this year, mainly due to the negative impact of the UK referendum.
The International Monetary Fund (IMF) on Thursday warned that significant uncertainty over Britain' s vote to leave the European Union (EU) is likely to dampen economic growth in Britain, Europe and the rest of the world.
The International Monetary Fund (IMF) on Tuesday raised its forecast for China's economic growth in the near term and believes that a successful rebalancing of its economy is likely, which signals global confidence in China's economic outlook.
International Monetary Fund Managing Director Christine Lagarde on Monday announced her decision to renew David Lipton's five-year tenure as the first deputy managing director starting Sept. 1, 2016.
This move recognizes the continuing internationalization of the RMB, facilitated by China's reforms to promote a more market-based economy, the IMF said in a statement.
With the International Monetary Fund (IMF) including the yuan in an elite reserve currency basket, the Chinese currency ascended to the heart of global finance in a move that should be welcomed by both China and the rest of the world.
The International Monetary Fund (IMF)'s executive board on Monday approved the inclusion of China' s currency renminbi (RMB) in its Special Drawing Rights (SDR) basket as an international reserve currency.
The International Monetary Fund (IMF) on Monday announced that the Chinese currency, Renminbi, is eligible for joining its Special Drawing Rights (SDR) currency basket.
The International Monetary Fund will decide on Monday (Nov 30) whether the yuan can be added to its Special Drawing Rights (SDR) basket, alongside the US dollar, euro, yen and pound. Here are five things to know about the yuan and the SDR:
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