RMB fits SDR criteria, says IMF staff

Paolo Danese

November 16, 2015 04:30 am

washington 230px — 030926-F-2828D-080 Washington, D.C. (Sept. 26, 2003) -- Aerial view of the Washington Monument with the White House in the background. DoD photo by Tech. Sgt. Andy Dunaway. (RELEASED) | Tech. Sgt. Andy Dunaway/U.S. Air Force

The RMB passed through another goalpost on its path to inclusion in the International Monetary Fund’s Special Drawing Rights (SDR) facility on Friday, with the IMF staff saying that the currency meets all the criteria to join the basket. The fund's executive board will make the final call on the issue when it meets on November 30.

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Paolo Danese