IMF SDR Basket

This tag is associated with 2 posts

Chinese Yuan Will Join IMF Reserve Currency Basket Earliest After September 2016

Posted by ETFalpha ⋅ August 20, 2015 ⋅ Leave a comment

“The International Monetary Fund pushed back until Sept. 30, 2016, the date that China’s yuan could be included in its basket of reserve currencies,” Bloomberg reports. The news agency said the following: The executive board, which represents the IMF’s 188 member nations, voted Aug. 11 to extend the composition of the fund’s Special Drawing Rights for … Continue reading →

Chinese Yuan’s Inclusion To IMF’s SDR Basket Could Draw $1 Trillion

Posted by EM_Equity ⋅ May 15, 2015 ⋅ 3 Comments

Around $1 trillion in global currency reserves will switch into Chinese assets should the International Monetary Fund (IMF) endorse the yuan as a reserve currency and include it in its Special Drawing Rights (SDR) basket this year, according to Standard Chartered, Bloomberg reports. “SDR inclusion in 2015 would likely have a significant market impact, driving an immediate sharp … Continue reading →