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.
‘Tigerboy’ and the Norwegian sovereign wealth fund’s flip-flop
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Chatham House Misrule
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