Yuan still in play for SDR inclusion

Review on addition of Chinese currency underway, says IMF CHEN

The International Monetary Fund said on Wednesday that the review on the inclusion of the yuan in its basket of Special Drawing Rights reserve currency is "well underway' and the formal discussions will take place toward the end of the year.

Siddharth Tiwari, director of the IMF's Strategy, Policy, and Review Department, confirmed that the review schedule has not yet changed despite an IMF staff paper proposing the extension of the current SDR basket by nine months until Sept 30, 2016.