SDR users ask IMF for more time if RMB approved in 2015

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By Mark Baker
05 Aug 2015

The renminbi is unlikely to be added to the basket of currencies underlying the International Monetary Fund's Special Drawing Rights (SDR) facility until October 2016, even if the IMF Executive Board were to recommend inclusion when it announces the results of its review later this year, according to an IMF report on Tuesday night.

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