RMB's Inclusion in IMF SDR Basket would be Credit Positive: Moody's
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A report by International rating agency Moody's on Monday says the inclusion of the Chinese yuan in the IMF Special Drawing Rights basket would be credit-positive for China.

Moody's said the inclusion would also encourage broader use of the RMB in the areas of cross-border trade, portfolio investment and debt issuance.

It would also encourage central banks to invest in RMB-denominated assets, which would potentially stabilize RMB demand.

On November 13, Managing Director of the IMF Christine Lagarde issued a statement that IMF staff had proposed including the RMB in its SDR.

The IMF will decide on the matter in a meeting of its Executive Board on November 30.

Author： 　　　Source：xinhua　　　 Editor：Yang Fan