Special Drawing Rights News

Market

China’s yuan joins elite club of IMF reserve currencies

The yuan joins the US dollar, the euro, the yen and British pound in the IMF's special drawing rights (SDR) basket

2 min read1 Oct 2016
Market

China’s forex reserves post surprise rise in March on more stable yuan

China's foreign exchange reservesthe world's largestclimbed to $3.21 tn in March as cooling expectations of US interest rate hikes eased pressure on the yuan

2 min read7 Apr 2016
Opinion

China’s latest ploy to influence markets

The fascination for a weaker currency has not subsided in Beijing

3 min read16 Dec 2015
Companies

Lenders increasingly turn to SDR for stressed assets

'Significant' haircuts to debt needed to restore viability, generate interest among buyers for assets, says report

2 min read8 Dec 2015
Mint-lounge

Weak PMI data, climate fight and Uber’s rise

Manufacturing index falls to 25-month low; countries spar over climate fund; and Uber's fund-raising spree continues

5 min read5 Dec 2015
Opinion

An elusive quest to internationalize renminbi

Special Drawing Rights have lost much of their relevance over the decades

3 min read3 Dec 2015
Opinion

To internationalize the rupee or not?

Any conversation on rupee internationalization which does not include structural reforms is futile

4 min read2 Dec 2015
Market

IMF approves China’s yuan for currency basket in win for Beijing

The currency will have a 10.92% share, in line with expectations, after a review of the weightings formula for the SDR

1 min read30 Nov 2015
Opinion

You’re not the yuan that I want

The yuan will now be included among the basket of currencies that make up its so-called Special Drawing Rights

3 min read23 Nov 2015
News

What will it mean for the yuan to get IMF reserve-currency nod?

Many major economies, including the US, Germany and UK, say they're prepared to back the yuan's inclusion if it meets the IMF criteria

3 min read24 Oct 2015
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