UK Pound

This tag is associated with 2 posts

IMF Work Progresses on 2015 SDR Basket Review

Posted by ETFalpha ⋅ August 5, 2015 ⋅ Leave a comment

SDR review takes place every five years Staff paper lays out initial considerations; formal Board meeting late 2015 Focus on Chinese renminbi for meeting inclusion criteria The IMF Executive Board will formally review the composition and valuation of the Special Drawing Rights (SDR) basket toward the end of the year. As part of this process, … 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 →