Support builds up for crucial renminbi move

Currency: Jukka Pihlman

Later this year, the International Monetary Fund will decide whether to include the renminbi in its Special Drawing Rights - a "virtual currency" made up of a basket of other currencies.

If this happens, use of the renminbi would soar around the world. Automatically, all central banks would become holders of the renminbi through their SDR assets, and official reserve currency status would spur central banks that have not already done so to invest part of their reserves in the renminbi.