RMB’s SDR approval: Your concise guide to what it means

Following IMF’s decision to include renminbi in its currency basket, CT compiles excerpts from latest analyst reports underlining its implications for treasurers.

By Ann Shi

Dec 2, 2015

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After months of waiting, renminbi finally got there – The International Monetary Fund (IMF) decided on November 30 to include it in the reserve currencies basket under special drawing rights (SDR), starting from next October.

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