4 ms·
Kind of irrelevant at this point, just like the SDR basket itself. I mean international finance and more specifically the IMF, isn't my area of expertise but j
by chollida1 11y ago
Kind of irrelevant at this point, just like the SDR basket itself.
I mean international finance and more specifically the IMF, isn't my area of expertise but just spend 10 minutes reading this:
https://en.wikipedia.org/wiki/Special_drawing_rights https://en.wikipedia.org/wiki/Special_drawing_rights
> The IMF itself calls the current role of the XDR "insignificant". Developed countries, who hold the greatest number of XDRs, are unlikely to use them for any purpose. The only actual users of XDRs may be those developing countries that see them as "a rather cheap line of credit".
The Yuan might be included in a basket of currencies that is all but irrelevant to everyone, including the IMF, the creator of said basket.