The US dollar, the yen and the British pound are the other currencies in the IMF’s Special Drawing Rights (SDR) basket; the currencies the IMF hands out in loans. The RMB was added to the pile on ...

In its first regular review of the IMF's SDR valuation, the Yuan share climbed from 10,92% to 12,28% IMF increased the Chinese Yuan's weighting in the Special Drawing Rights (SDR) currency basket ...

As China pushes to get the renminbi included in the IMF’s basket of global currencies, US Treasury Secretary Jack Lew spoke out against it only a day after his visit to Beijing. Meg Teckman reports.

The special drawing right is an international reserve asset created by the IMF. It is not a currency – its value is based on a basket of five currencies, the biggest chunk of which is the US ...

Broken-down reserves, those which identify the single currencies, fell to $11.47 trillion from $11.84 trillion. The value of the greenback rose 7.7% in the last quarter of 2024 against a basket of ...

at the IMF had been doubled from an equivalent of Sh37 billion. The SDR is a world reserve asset whose value is based on a basket of five major international currencies that are widely used in ...

NEW YORK (Reuters) - The amount in U.S. dollars held as reserve currency globally slipped in the last quarter of 2024 while the percentage of actual dollars held as reserve ticked up, IMF data ...