Atlantic council calls on IMF to include RMB in SDR
The US think tank says it should be in the basket
A report from the Atlantic Council calls on the International Monetary Fund (IMF) to include the renminbi as a reference currency for the Special Drawing Rights (SDR) basket in November, even though it is still not free-floating.
The report was presented on June 29 at an event in London called Renminbi ascending: how China’s currency impacts global markets, foreign policy and transatlantic financial regulation.
The currencies making up the SDR, along with their relative weights, are reviewed
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