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The International Monetary Fund may begin an examination on its Special Drawing Rights (SDR) valuation basket at the beginning of next year, and new currencies from emerging economies may be included in the basket, Securities Times reported Friday, citing a Japanese report.
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With the development of emerging economies such as China, India and Brazil, voices calling for a reformed monetary system have become louder. The report said IMF may consider enlarging the basket and candidate currencies may include Chinese yuan and Brazilian real as emerging markets' influence increasing. And the Japanese yen may be replaced by the currency of an emerging economy.