Tuesday, October 27, 2015
The International Monetary Fund staff are set to give the all-clear for China's yuan to be included in the lender's benchmark currency basket, laying the groundwork for a favorable decision by policymakers, people familiar with the discussions said in Washington DC.
The IMF's executive board is scheduled to decide in November on putting the yuan on a par with the dollar, yen, euro and pound sterling. A key factor will be its performance against a checklist of technical criteria, as assessed by IMF staff. Three people briefed on the discussions said a draft report from staff reached a favorable conclusion on including the yuan.
"There is no real discussion, no obstacles, all seems on course," a second official said. REUTERS