UPDATE 1-China says to accelerate reforms to support yuan in IMF currency basket

April 18, 2015 7:35 PM

53 0

WASHINGTON, April 18 (Reuters) - Beijing will accelerate reforms to the country's currency as part of a push for the yuan's inclusion in the International Monetary Fund's currency basket, China's central bank governor Zhou Xiaochuan said on Saturday.

In a statement to the IMF steering committee, Zhou argued that Beijing had made strides toward making the yuan freely convertible, and that it should be included in the IMF's Special Drawing Rights basket.

Read more

To category page