Renminbi still waiting for SDR bump

Paolo Danese

March 20, 2017 01:00 am

sdr rmb 230px — Photo taken on Nov. 30, 2015, shows rows of (from L) U.S. dollar, euro, Chinese yuan, and Japanese yen bills. The International Monetary Fund is slated to hold a board meeting the same day to decide whether to include the yuan in an exclusive group of currencies that make up the basket of the IMF's Special Drawing Rights which is currently based on the dollar, the yen, the euro and pound sterling. (Kyodo) ==Kyodo | Kyodo

China got a big PR win when the IMF elevated the renminbi currency to its special drawing rights (SDR) basket, but the real market impact from that decision is yet to be felt.

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Topics

Asia SDR Greater China Northeast Asia China Asia Pacific China Emerging Markets

PD

Paolo Danese