Bloomberg News

Yuan Should Feature in IMF Special Drawing Rights, Stiglitz Says

January 16, 2012

Jan. 17 (Bloomberg) -- The Chinese yuan should be included in the International Monetary Fund’s Special Drawing Rights, Nobel Prize-winning economist Joseph Stiglitz said in a press briefing in Hong Kong today. China’s economic growth is now more “sustainable,” Stiglitz also said.

The SDR is an international reserve asset created by the IMF in 1969. It can be exchanged for freely usable currencies.

To contact the reporter on this story: Sophie Leung in Hong Kong at sleung59@bloomberg.net

To contact the editor responsible for this story: Sunil Jagtiani at sjagtiani@bloomberg.net


Later, Baby
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus