To SDR or Not to SDR

Peterson Institute for International Economics: The Chinese Renminbi Is Not a Freely Usable Currency Yet
In summary, in my view, the RMB is not a freely usable currency by the standards of the market or by the narrower standards applied by the IMF in the past for including a currency in the SDR basket. IMF members in November may reach another judgment. Any perception, however, that the IMF is bending its standards for political reasons will do a disservice to the SDR as an international reserve asset and to the integrity of the IMF.
Find out why at the link.

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