Undue concern over yuan

The technical concern that a recent report by the International Monetary Fund expressed over possible financial market disruption resulting from the inclusion of the yuan in its Special Drawing Rights basket is understandable.

Yet it is by no means a justified excuse to delay the inevitable.

Instead, if the IMF is to bring itself in line with the realities of the global economy and the world's urgent need for a more diverse monetary system to counter a future financial crisis, it should do more to help facilitate the internationalization of the Chinese currency.