Currency markets wait to see whether yuan joins the SDR basket
Thu, Nov 05 2015, 10:12 GMT | FXStreet
FXStreet (Mumbai) - The International Monetary Fund (IMF) policy makers are set to meet in November to review whether or not to include the Chinese yuan in the Fund's reserve currency basket.
The Chinese government has been lobbying hard to secure a place for the yuan in the Special Drawing Rights basket to raise the global acceptability of the yuan so that more and more countries add yuan to their reserves.
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