The International Monetary Fund (IMF) headquarters building is seen in Washington, DC in this May 15, 2011.(AFP PHOTO/YURI GRIPAS)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The International Monetary Fund should put off any move to add the yuan to its benchmark currency basket until after September 2016, IMF staff said in a report which showed a mixed performance of the renminbi on meeting key financial norms.The IMF board is scheduled to decide in November on whether to include the yuan in a basket of currencies comprising dollars, euros, pounds and yen, although the decision could be pushed back if policymakers decide they need more information.Analysts interpreted the IMF delay differently, with some inferring the IMF wanted to see a more freely traded yuan before including it as a reserve currency.IMF Managing Director Christine Lagarde has said adding the yuan is a "question of when".
FOLLOW THIS ARTICLE