RMB inclusion in SDR boosted by IMF move: StanChart
The renminbi has a good chance of being included in the IMF's basket of international currencies this year, a senior Standard Chartered strategist says. It follows the IMF's proposal to delay a possible inclusion.
The renminbi has a good chance of inclusion in the IMF’s basket of currencies following the international body’s revised implementation schedule, according to Standard Chartered.
While the International Monetary Fund’s move this week has been seen in a negative light by many, it could pave the way for a more realistic renminbi inclusion timetable.
On Tuesday (August 4) the IMF announced that at a July 29 meeting it had discussed postponing a possible inclusion of the renminbi in…
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