IMF to separately identify Chinese Renminbi in its official Forex reserves database LeapRate

March 05, 2016 BY Maria Nikolova

IMF to separately identify Chinese Renminbi in its official Forex reserves database

The International Monetary Fund (IMF) announced on Friday that it will separately identify the renminbi (RMB) in its official foreign exchange reserves database beginning October 1, 2016. The decision comes after in November last year the IMF voted that the Chinese currency is a freely usable currency and will be included in the SDR basket as…

Key vote today on Chinese renminbi for IMF inclusion

Today the International Monetary Fund or IMF will vote on whether to include the Chinese currency, known as the renminbi or yuan as the fifth member of its special drawing rights (SDR) currency basket. It has always been expected with the economic rise of China that the currency would eventually be included, however, China has been…

Tag: SDR

IMF to separately identify Chinese Renminbi in its official Forex reserves database

Key vote today on Chinese renminbi for IMF inclusion

Seaport Global Securities Fined $125k By FINRA

easyMarkets and Real Madrid Renew Collaboration Agreement

Nordic Capital Closes Evolution II Fund at €2bn Hard Cap After Rapid Fundraising

ATFX Africa: Empowering Traders Across South Africa

Swoosh Finance: ASIC Alleges Breach of Responsible Lending Obligations