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"The International Monetary Fund's (IMF) Executive Board meets on Monday to discuss a staff proposal to include China's yuan, or renminbi as it's also known, in an exclusive group of currencies that make up the basket of the IMF's Special Drawing Rights (SDR).The prospects of inclusion, which will represent public acknowledgement of China's heft in the global economy, look pretty high given that the U.S., a major investor in the fund, has backed the move, as has the IMF's Managing Director Christine Lagarde. "
"The International Monetary Fund's (IMF) Executive Board meets on Monday to discuss a staff proposal to include China's yuan, or renminbi as it's also known, in an exclusive group of currencies that make up the basket of the IMF's Special Drawing Rights (SDR).The prospects of inclusion, which will represent public acknowledgement of China's heft in the global economy, look pretty high given that the U.S., a major investor in the fund, has backed the move, as has the IMF's Managing Director Christine Lagarde. "
[text] IMF Executive Board meets on Monday to Discuss Yuan Inclusion in SDR -- Here's What You Need to Know | CNBC
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