We are also propos­ing ex­tend­ing the cur­rent SDR bas­ket by nine months un­til Sept 30, 2016 ...”

China Daily (Canada) - - FRONT PAGE -

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.

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