The inclusion of the yuan in the Special Drawing Rights basket of the International Monetary Fund will bring great business opportunities to commercial banks with an integrated platform serving clients onshore and offshore.
The historic inclusion of China' s Renminbi into the Special Drawing Right (SDR) basket of the International Monetary Fund (IMF) has deeper significance for China and the global economy, said Zhang Tao, deputy managing director of the IMF, on Wednesday.
China's central bank said Saturday that the country will continue to push financial reforms and market opening after the inclusion of its currency renminbi into the International Monetary Fund's (IMF) Special Drawing Right (SDR) currency basket.
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.
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.
Christine Lagarde, managing director of the International Monetary Fund (IMF), said Friday that the IMF staff has proposed the Executive Board to include the Chinese currency, the RMB, into its special drawing right (SDR) currency basket as a fifth currency and she supports it.
Experts are cautiously optimistic that China's plans for further financial reforms would be sufficient to help its currency renminbi (RMB) meet the International Monetary Fund's (IMF) criteria for joining its benchmark currency basket later this year.
The executive board of the International Monetary Fund (IMF) still plans to formally review the possibility of adding the Chinese currency renminbi (RMB) to its benchmark currency basket by the end of this year, senior IMF officials said here Tuesday.
An eminent U.S. scholar has called on the International Monetary Fund (IMF) to include renminbi, or the yuan, into the basket of the Special Drawing Rights (SDR) to reflect the importance of the Chinese economy and its currency.
The International Monetary Fund (IMF) is conducting a comprehensive assessment over the Chinese currency, or RMB, in its special drawing right (SDR) review to decide whether the currency will be included in the SDR currency basket or not, Zhu Min, deputy managing director of the IMF, said here on Sunday.
The board of International Monetary Fund (IMF) will reexamine the international use of yuan or Renminbi (RMB), the Chinese currency, when it reviews the currencies in the basket of the Special Drawing Rights (SDRs) later this year, the organization's spokesman Gerry Rice said Thursday.
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