Lagarde supports landmark renminbi move

IMF chief recommends the currency joins its Special Drawing Rights basket, ahead of executive board meeting, paving the way for its adoption as a global reserve currency.

Ray Chan

November 16, 2015

The renminbi has moved closer to joining the other top global currencies in the International Monetary Fund’s Special Drawing Rights (SDR) currency basket after the IMF's managing director Christine Lagarde and her staff gave the green light for the move.

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