US Treasury refused to include the yuan to the busket of reserve currency of IMF

Date: 08:23, 03-04-2015.

Almaty. April 2. Silkroadnews - Chinese currency yuan will not be accepted into the basket of reserve currencies of International Monetary Fund, transmit foreign media.
As the head of the US Treasury Jack Lew, China must undergo a series of reforms before it's currency can be included in the list of backup. In particular, it is necessary to weaken the financial control of the state and move to a floating exchange rate of the yuan against the dollar and other world currencies.
Previously, the idea that the yuan may be included in the basket of the IMF was supported by Germany and France. In turn, the IMF Managing Director Christine Lagarde said that such a decision has matured and it is only a matter of time.
Now the IMF basket is represented by four reserve currencies: the US dollar, euro, British pound sterling and the Japanese yen. At the same time, though China's economy in terms of volume is inferior to the economies of the euro zone and the US, but is much more developed than the Japanese and the British economies.

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