Banks bet on RMB inclusion in IMF’s SDR
The IMF could announce this week whether it wants to add renminbi to the special drawing rights basket of currencies. Some banks are betting that China has done enough.
Lenders are nailing their colours to the mast, betting that the International Monetary Fund’s (IMF) board will “likely say yes” to including the renminbi in the special drawing rights (SDR) basket, alongside the US dollar, yen, euro, and sterling.
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