China’s renminbi has been included in the special drawing rights currency basket, according to yesterday’s IMF executive board decision.
Tag: sdr
RMB and SDR: symbolic or practical?
China’s RMB is widely expected to be included in the IMF’s currency basket, but the event seems to be more about national pride than market impact.
RMB inclusion gets support from IMF head, US
China’s bid to have the renminbi included in the IMF’s Special Drawing Rights basket now has support from the head of the IMF and the US Treasury Secretary.
Market `underestimates’ SDR basket inclusion
The RMB fixed income market will benefit if the IMF puts China’s currency in the Special Drawing Rights basket of reserve currencies, according to Raymond Gui, portfolio manager at Income Partners.
Investors ready to grab undervalued Chinese stocks
Despite the volatility in Chinese equity markets this year, industry sources say that they still like China – both from a regional and global context.
Yuan SDR inclusion delayed to 2016
The IMF confirmed that it would delay a review of the yuan’s inclusion in its special drawing rights currency basket to September 2016, despite China’s latest move to relax control of the yuan exchange rate.
RMB’s SDR inclusion still likely this year
Axa IM believes China’s RMB currency stands a good chance of being included in the Special Drawing Rights this year despite an IMF report interpreted by many as a delay until next year.
