男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Economy

China's push to add renminbi to SDR basket nearing finish line

(Xinhua) Updated: 2015-10-13 16:14

LIMA - Thanks to its push to internationalize the renminbi, China in recent years has seen places as far away as Santiago, Luxembourg, Ottawa and Kuala Lumpur become centers for trade involving the Chinese currency.

However, the Chinese government is now seeking for a more meaningful prize: the inclusion of the renminbi to the Special Drawing Rights (SDRs), the IMF's international reserve asset used to back up member countries' official reserves.

The SDRs can not be used to directly purchase goods or services. However, they can be exchanged between IMF member countries for hard currency among the US dollar, the pound, the euro and the yen in the basket.

Therefore, adding the renminbi to this elite list would not only raise its status, but also allow countries to cash in their SDRs for the Chinese currency, easing their trade in China and giving them another option for how to hold their foreign reserves.

The IMF is currently engaged in a review of the SDR basket to analyze if any changes should be made to its makeup.

The first step of this review ended on Aug. 11, when the IMF Executive Board voted to extend the current makeup of the SDR until Sept 30, 2016. The IMF said this was done to satisfy SDR users that were against short-term changes in order to ensure that current operations would continue to run properly.

However, it may well be likely that this was done in order to allow time for central banks to prepare for the renminbi to be added to the SDR starting next September.

IMF Managing Director Christine Lagarde said earlier this month "the IMF will complete a technical assessment (on the renminbi) before the end of 2015. This is nearly completed and recommendations are being finalized. The review will determine implementation from September 2016 to allow time for central banks to adjust."

Speaking to the IMF Survey magazine in August, Siddharth Tiwari, the IMF's Director of Strategy, Policy and Review, said, "the renminbi is the only currency not currently in the SDR basket that meets the export criterion. Therefore, a key focus of the current review will be whether the renminbi also meets the freely usable criterion in order to be included."

"The review is well underway. Staff continues its technical work, including on addressing data gaps and operational issues, while liaising closely with Chinese authorities...ahead of the formal Board meeting expected later in 2015," said Tiwari.

The depreciation of the renminbi had some analysts concerned, but the IMF has defended the move, saying it brought China's exchange rate in line with market rates.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 礼泉县| 土默特右旗| 贺州市| 金塔县| 社旗县| 十堰市| 宁安市| 灵宝市| 庆阳市| 平利县| 赞皇县| 诸暨市| 衡水市| 蕲春县| 新河县| 涟源市| 咸丰县| 高阳县| 柘城县| 怀来县| 改则县| 平定县| 仁寿县| 井研县| 宁津县| 南皮县| 昌宁县| 乌拉特前旗| 桦甸市| 平谷区| 霍山县| 大冶市| 罗城| 盐边县| 都兰县| SHOW| 安宁市| 会同县| 巨鹿县| 应城市| 尖扎县|