China’s Yuan Will Not Be In SDR Basket In October, Much Less The World’s Reserve Currency
There’s been a great deal written on the Yuan’s inclusion in the IMF’s basket that is being revamped in October, 2015.
Currency historian, Andrew Gause, a weekly guest here gives us IMF source material, (see link below podcast), saying IMFmay look at the yuan’s inclusion in September of 2016.
There’s also been mountains of “speculation” because of a misinterpretation of what an SDR is that the Yuan is in line tobe the next reserve currency, replacing the Dollar. Mr. Gause gives his research on this internet meme.
andrew gause on the exclusion of the Yuan, for now, in the SDR basket change in October, August 5, 2015