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IMF may consider adding yuan to its currency basket in December

IMF executive director for Russia expects a positive decision on the matter

© Alexander Demyanchuk/TASS

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IMF review of rules for Ukraine’s benefit may set serious precedent for international law

WASHINGTON, November 12. /TASS/. The board of directors of the International Monetary Fund (IMF) may consider the inclusion of China’s yuan to the IMF basket of currencies in December, Alexey Mozhin, IMF executive director for Russia told TASS on Thursday.

"So far the date has not been defined and is not on the agenda. But there are expectations that it will be very soon. End of November - early December," Mozhin said when taking part in the conference on the development of the BRICS countries (Brazil, Russia, India, China, South Africa) in the Russian Embassy in Washington.

He also added that he expects a positive decision on the matter.

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