IMF supports the yuan's reference in its currency basket

IMF supports the yuan's reference in its currency basket




11/14/15

Follow-up - and babysit - announced Director General of the International Monetary Fund, Christine Lagarde, the Chinese currency, the yuan meet all the necessary conditions, in order to become one of the certified reference currency of the Fund.
Lagarde, that the final decision in this regard will take on 30 November, the Fund's Board, which represents 188 members of the management.

But if it is positive, then the yuan will be joined to the reference currency accredited to the Fund, which currently includes the dollar, euro, pound sterling and the Japanese yen basket.

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