IMF’s Lipsky on rebalancing SDR currency basket
John Lipsky, the first deputy managing director at the International Monetary Fund (IMF), discussed on Monday the possible evolution of the special drawing rights (SDR) to include a wider basket of currencies including the renminbi.
At an IMF conference in Washington, DC, Lipsky said: "Should the SDR basket be limited to convertible currencies? In other words, would the inclusion of the renminbi or other major non-convertible currencies smooth these currencies' internationalisation, provide
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