The Renminbi as an IMF Reserve Currency

... Chinese economy is creating problems for the financial and commodities markets. If the Chinese economy continues to slow down in the years to come, it will overturn 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 Bank of China, Yi Gang, said immediately after the IMF’s historic decision, the country is prepared to cope with all the risks that may arise after the renminbi ...