Currency

China was seeking IMF approval to be part of the Special Drawing Rights at the last IMF meeting.  Prior to the upcoming IMF's meeting in Lima, Peru in October 2016 the IMF agreed China could re-approach the discussion in October 2016. Instead, yesterday IMF Approves China Inclusion in SDR...

The 2015 IMF Meeting is currently underway in Lima, Peru. There was much anticipation regarding an announcement slated for October 20th regarding The IMF SDRs & China. China would like to join the currencies which make up the IMF’s Special Drawing Rights (SDR).  The IMF notified China in...