Reuters: US Dollar Report: China says U.S. agrees to have yuan in IMF basket

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

China says U.S. agrees to have yuan in IMF basket May 4th 2012, 10:07 BEIJING | Fri May 4, 2012 6:07am EDT BEIJING May 4 (Reuters) - The United States supports China's bid to have the yuan included in the International Monetary Fund's basket of currencies, Chinese Vice Premier Wang Qishan said on Friday after high-level talks between Beijing and Washington. China wants the yuan to be part of the IMF basket of currencies as part of long-term plans to turn the yuan into an alternative reserve currency next to the dollar and the euro. But the IMF has said a currency needs to be convertible before it can be included in the basket. China envisions the yuan will only be convertible by 2015.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions