Inclusion of renminbi in SDR is ‘symbolic’, says Bernanke

Bernanke offers insight into the renminbi's rise to reserve currency

The move to include renminbi in the International Monetary Fund's Special Drawing Right (SDR) basket is more of a "symbolic gesture" than an acknowledgement of the currency's strength as a reserve currency, former Federal Reserve chairman Ben Bernanke has said.

Speaking at the launch of Eswar Prasad's book Gaining Currency: The Rise of the Renminbi, Bernanke said he agrees with the book's conclusion that renminbi will become a "player" but not a "big player" in international reserves.


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:

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: