Sentences with phrase «international reserve asset in»

The SDR was created as a supplementary international reserve asset in the context of the Bretton Woods fixed exchange rate system.

The IMF created the SDR as an international reserve asset in 1969, but it is only used by governments and international institutions.

Not exact matches

Boockvar said that if China were to take such a daring step, it could ruin its chances of being accepted into the International Monetary Fund's basket of special drawing rights currencies — IMF - issued reserve assets — in October 2016.

Beijing has put a brave face on this move, saying it is designed to get the yuan included in the International Monetary Fund's reserve assets known as special drawing rights.

In November, the International Monetary Fund (IMF) agreed to add the renminbi to its Special Drawing Rights (SDR), a type of international rInternational Monetary Fund (IMF) agreed to add the renminbi to its Special Drawing Rights (SDR), a type of international rinternational reserve asset.