We are also proposing extending the current SDR basket by nine months until Sept 30, 2016 ...”
the use of renminbi, or yuan, in international trade, but the RMB was not included in the SDR basket because it was not judged to be freely usable, the second selection criterion for currencies.
The report said that across a range of indicators, the RMB is now exhibiting a significant degree of international use and trading.
The report points to several areas for further work that may help inform the board’s final judgment. Those include additional work to close data gaps, refine the quantitative analysis for the freely usable assessment, and evaluate, in consultation with the membership and SDR users, whether the RMB would meet operational requirements, including as a result of continued liberalization measures that are being implemented by the authorities.