SDR inclusion critical for advanced-economy RMB investments
More advanced-economy central banks would join Swiss National Bank and invest in onshore renminbi assets if the currency was included in SDR; SNB took four years to take plunge, says official
The inclusion of the renminbi as a constituent currency of the International Monetary Fund's special drawing rights (SDR) is critical to more advanced-economy central banks following the Swiss National Bank's (SNB) move to diversify its reserves into Chinese currency assets, says Roman Bauman, head of that institution's Singapore office.
The enthusiasm emerging market central banks in Africa, Asia and Latin America have demonstrated to invest in renminbi assets has yet to be matched by
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