White Paper

China’s Quest to Global Currency Recognition

Company: Thomson Reuters

Thomson Reuters case study

Category: Market Data

Published: 18 February 2016

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Overview

In November 2010, the International Monetary Fund (IMF) decided the Chinese currency wouldn’t be joining the U.S. dollar, euro, pound sterling or Japanese yen in its Special Drawing Rights (SDR).

Five years later, this has changed.

During November 2015, the IMF announced it will admit China’s yuan into its SDR currency basket. Could this come at a time when China needs it the most?

This white paper explores the reasons behind the IMF’S decision, the global implications of the inclusion and what the markets can expect from China in 2016.

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