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- International Monetary Fund will not change its benchmark currency basket until October 2016
International Monetary Fund will not change its benchmark currency basket until October 2016
The International Monetary Fund (IMF) said on Wednesday that it will not change its benchmark currency basket until October 2016. The IMF plans to decide in November whether to include the yuan in its Special Drawing Rights basket or not.
The yuan should be "freely usable" or widely used to make international payments and widely traded in foreign exchange markets to be included in the basket.
China's central bank devaluated the yuan several times this month.
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