China moves closer to renminbi inclusion in SDR

yuan

Chinese officials have hinted that the renminbi may be fully convertible on the capital account by 2015, paving the way for the Chinese currency to be included in the Special Drawing Rights (SDR).

On Thursday, newswire Bloomberg reported Davide Cucino, president of the EU Chamber of Commerce in China, as saying Chinese officials had told European Union business executives that the renminbi would achieve "full convertibility" by 2015. Similarly, Li Daokui, an adviser to the People's Bank of China

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: