IMF to decide if yuan will be included in SDR basket

Global Business

The International Monetary Fund is expected to give China’s yuan the all clear to be included in the lender’s basket of currencies known as the Special Drawing Rights or SDR.

That’s according to multiple news reports citing unnamed IMF sources. China has been pushing for the yuan to join the SDR as part of its long term strategic goal to internationalize its currency.

CCTV’s Shraysi Tandon reports.

IMF to decide if yuan will be included in SDR basket

IMF to decide if yuan will be included in SDR basket

The International Monetary Fund is expected to give China’s yuan the all clear to be included in the lender’s basket of currencies known as the Special Drawing Rights or SDR. That’s according to multiple news reports citing unnamed IMF sources. China has been pushing for the yuan to join the SDR as part of its long term strategic goal to internationalize its currency. CCTV’s Shraysi Tandon reports.
Download Video


Perry Wong on China’s efforts to globalize its currency

CCTV America spoke with Perry Wong. He is managing director of research at the Milken Institute.

Perry Wong on China\'s efforts to globalize its currency

Perry Wong on China\'s efforts to globalize its currency

CCTV America spoke with Perry Wong. He is managing director of research at the Milken Institute.
Download Video