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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    China hopes for RMB to join special drawing rights basket

    Lobo
    Lobo
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    China hopes for RMB to join special drawing rights basket Empty China hopes for RMB to join special drawing rights basket

    Post by Lobo Sun 11 Oct 2015, 3:22 pm

    October 11, 2015

    China hopes for RMB to join special drawing rights basket

    China will continue to push ahead financial reforms with the hope that its currency Renminbi be included in the special drawing rights (SDR) basket later this year, an official said.

    Yi Gang, deputy governor of the People's Bank of China, made the remarks at the International Monetary Fund annual talks held in Lima, Peru, according to a statement on the website of the central bank on Saturday.


    The IMF is expected to assess the possible inclusion of the RMB before the year end, reported Xinhua.

    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 RMB exchange rate through changes to the central parity rate mechanism to make the exchange rate more flexible, he said.

    The country will continue with its stable monetary policies, he said.
    http://goingglobaleastmeetswest.blogspot.com/2015/10/china-hopes-for-rmb-to-join-special.html

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