The Renminbi as an IMF Reserve Currency
... Fund (IMF) Executive Board decided to include the Chinese renminbi in the reserve currency basket. According to IMF Managing Director Christine Lagarde, this is a recognition... ... common currency in settlements in the Asia-Pacific Region. Preparing for the IMF vote, China opened access to its domestic foreign exchange and bonds markets for foreign central... ... the arguments of those who today believe that the inclusion of the renminbi in the SDR basket will give it positive impetus. As Deputy Governor of the People’s...
09.12.2015