14 Oct IMF SDRs AND CHINA
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 notified China in August that they would reconsider inclusion on September 30, 2016.
This short presentation explains where China stands now and what the IMF is looking for China to do to become part of the SDR.