The Chinese Yuan has been included in the valuation of IMF Currency called Special Drawing Rights (SDR).

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The Chinese Yuan has been included in the valuation of IMF Currency called Special Drawing Rights (SDR). What are the possible impacts of the inclusion of Yuan to the SDR basket for the international financial system?

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International Financial Management

ISBN: 978-0078034657

6th Edition

Authors: Cheol S. Eun, Bruce G.Resnick

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Posted Date: May 12, 2019 11:32 PM

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The Chinese Yuan has been included in the valuation of IMF Currency called Special Drawing Rights (SDR).

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The IMF has now recognised the yuan as a global reserve currency Yuans inclusion in the basket signi... View the full answer

International Financial Management

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