AIIB stands alone in voicing SDR support

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AIIB stands alone in voicing SDR support

Noah Sin
May 08, 2018 07:15 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

More widespread use of the International Monetary Fund's special drawing rights could prevent a currency war, Thierry de Longuemar, chief financial officer at the Asian Infrastructure Investment Bank (AIIB), said on May 4. But the treasurer got little sympathy from other experts at the Asian Development Bank’s meeting.

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Asia Market newsSDRChinaPeople and MarketsMarket NewsAsiaGreater ChinaNortheast AsiaChinaAsia PacificEM People and MarketsEmerging MarketsChina People and Markets
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