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  • (News by tags)
    The Inclusion of the Yuan Currency in the Special Drawing Rights

    Introduction of the Chinese yuan into the SDR is the first currency addition since 1999.

      While the yuan is the most recent to join the basket that forms the IMF’s Special Drawing Rights (SDR), this basket has been around since 1969. The five major currencies that make up the SDR basket are the following: US dollar -...

    Tags: yuan,china,renminbi,special drawing rights,international monetary fund,euro,pound,us dollar,yen

  • (News by tags)
    Chinese Yuan Set To Join IMF Currency Basket

    IMF staff determines the yuan meets the requirements to be a freely usable currency.

      On Friday, the International Monetary Fund announced policymakers are expected to decide this month whether to add China's yuan to the fund's benchmark currency basket for inclusion in the Special Drawing Rights (SDR) basket. This would mark a...

    Tags: china,currencies,yuan,rmb,economy,global imf,imf,sdr,special drawing rights,foreign currency,foreign exchange,currency exchange,money