IMF visits for SDR review

Addition to basket seen as crucial to yuan internationalization process, says official

China is "actively" working with the International Monetary Fund in the assessment of whether the yuan can be included in the basket for the IMF's Special Drawing Rights, an international reserve asset, said the foreign exchange regulator.

The comment came from Wang Yungui, director of the policy and regulations department at the State Administration of Foreign Exchange, during a news conference on Wednesday. A special team from the IMF is in Beijing for technical discussions of the SDR review, which takes place every five years.