Solomon Islands urged to include renminbi in exchange rate basket by IMF staff

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The Central Bank of Solomon Islands is to consider adding the renminbi to currency basket this year

The Central Bank of Solomon Islands (CBSI) should consider including the renminbi in the basket of currencies the country's currency is pegged to, given the importance of China as a trade partner, International Monetary Fund staff said on March 23.

More broadly, staff encouraged the authorities to make the exchange rate regime more flexible through a periodic review of the "appropriateness" of the level of the peg.

The basket of currencies comprises the US dollar, Australian dollar, British

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