After 5 years of negotiations, China was included in the IMF, effective this weekend, November 6, 2016. This article covers the Special Drawing Rights (SDR) and what China needs to do in order to remain a member in good standing....
IMF Special Drawing Rights
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...
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