国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

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

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

The depreciation also found unexpected allies. The Wall Street Journal wrote on Sept 2 that "The move has won over the IMF." In the eyes of the financial daily, "a move to make the country's exchange rate more market-determined...combined with Beijing's careful management of the currency...is bolstering China's bid to get the yuan included" in the SDR.

The Wall Street Journal's position is not surprising, when seen from a common vantage point.

The IMF said that, to join the SDR, a currency must be "freely usable," referring to its popularity in international trades. However, the depreciation of the renminbi in no way affected the ability to use the currency in this way.

According to The Economist, in 2014, the renminbi was the 7th most used currency in terms of global reserves. If the IMF therefore pays more attention to the influence of the renminbi than to accusations of capital controls, adding it to the SDR will become far more viable.

China will also continue to push ahead financial reforms with the hope that the renminbi can be included in the SDR basket later this year, said Yi Gang, deputy governor of the People's Bank of China, at the IMF annual talks in Lima.

China has opened its inter-bank bond market and forex market to overseas financial institutions and has been promoting data transparency, following SDR requirements, Yi said.

The central bank has recently further freed the renminbi exchange rate through changes to the central parity rate mechanism to make the exchange rate more flexible, he said.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
垣曲县| 葵青区| 武穴市| 桐柏县| 抚远县| 绿春县| 清丰县| 扎鲁特旗| 建水县| 临安市| 凤翔县| 南昌市| 大荔县| 武宣县| 南开区| 宜阳县| 黔西县| 安泽县| 胶南市| 洛南县| 喀喇沁旗| 青岛市| 新兴县| 元谋县| 西乌| 大宁县| 蒙阴县| 潞西市| 马边| 句容市| 应城市| 新津县| 得荣县| 英吉沙县| 南宫市| 瓦房店市| 平潭县| 梁山县| 万载县| 顺昌县| 闸北区|