IMF May Include Chinese Yuan as International Reserve Currency in November

SputnikNews.com
26.10.2015

The IMF will make its decision on enlarging the Special Drawing Rights currency reserve basket to include the Chinese yuan by November.

WASHINGTON (Sputnik), Leandra Bernstein — The International Monetary Fund (IMF) will make its decision on enlarging the Special Drawing Rights (SDR) currency reserve basket to include the Chinese yuan by November, an IMF spokesman told Sputnik on Monday.

>“One of the discussions that the members of the IMF — i.e., the 188 member countries — are going to have to decide on is whether or not to enlarge that basket to eventually add the yuan as well, and that discussion will take place in November,” the spokesman confirmed.

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