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Economy

Will IMF inclusion make world stash yuan?

The International Monetary Fund is currently assessing the possibility of including the Chinese yuan into the basket of currencies that underpins special drawing rights -- the supplementary reserves that member states can tap into. China's authorities have been pushing for this since the idea was initially proposed at the 2011 G-20 summit in Nanjing.

     At the moment, the SDR basket only includes four currencies: the U.S. dollar, the euro, the British pound and the Japanese yen. From Beijing's perspective, having its currency among this exclusive group would be an important status symbol and could increase overseas interest in holding yuan assets.

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