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Tuesday, June 16, 2015
Don't be too Persistent in Adding Renminbi to SDR Currency Basket
ANBOUND

IMF said that it had sent a team to Beijing to conduct technical assessment of SDR currency basket. ANBOUND think tank scholars suggest that China should properly adjust its strategy to join SDR. While continue to try to win support of western countries, based on the construction of "belt and road," China should stick to capital account open-up and exchange rate reform and interest rate reform, encourage enterprises to go global, and keep improving international influences of RMB to force some countries under IMF system to change their attitudes. When the market influence of Renminbi is great enough, the attitude of IMF towards RMB will have bigger changes.

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