IMF’s Lipsky considers yuan in future SDR

john-lipsky

John Lipsky, the first deputy managing director of the IMF, on Friday said the inclusion of the yuan in the special drawing rights (SDR) basket was seriously being considered as part of efforts to reform the international monetary system.

At the International Forum of Sovereign Wealth Funds, in Beijing, China, Lipsky said: "Over time, China's currency no doubt will become a serious candidate for inclusion in the IMF's SDR basket. Indeed, the SDR's future role is being examined as part of the

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