State Street: SDRs won't be changed
BOSTON - The International Monetary Fund is unlikely to alter the currency composition of the Special Drawing Rights (SDRs) at next year's executive board meeting, according to an official at State Street Global Advisors (SSgA).
George Hoguet, SSgA's Boston-based global investment strategist, said that, although China's renminbi is a good candidate for addition to the current basket, it has yet to meet the IMF requirements for inclusion. The guidelines state currencies must be freely useable
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