imf Tag

China included to the IMF This weekend was the effective date for China’s acceptance to the IMF. This means China’s currency will be added to the current list of currencies used to calculate the Special Drawing Rights (SDR). A LITTLE BACKGROUND In 2010, China requests to be a...

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...