IMF board approves SDR extension, RMB decision timeline unchanged

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By Paolo Danese
20 Aug 2015

The IMF board of directors approved on August 11 a suggestion by IMF staff to extend the current composition of the Special Drawing Rights (SDR) facility to September 2016, the IMF said in an August 19 statement. The timeline for a decision on the possible inclusion of the RMB, however, remains unchanged, with the board set to meet in November.

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