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IMF postpones its decision to include yuan in SDRs

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - On Wednesday, the China Business News reported that the IMF has now deferred its decision on whether to include the yuan in the Special Drawing Rights (SDR) basket until November 30.

    The story quoted Jin Zhongxia, China's IMF representative, stating that the evaluation work is still in progress and that it’s too early to predict the outcome.
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