“China’s economic reform plans, including opening up its capital account and deepening financial markets, should help Beijing meet the IMF’s criteria to join its Special Drawing Rights currency basket, the head of the IMF said on Thursday.  International Monetary Fund Managing Director Christine Lagarde earlier this year said it was a question of when, not if, China’s yuan will be included in the SDR basket – currently made up of dollars, yen, pounds and euros.  The IMF is due to review the basket’s composition later this year to assess whether any currencies meet its criteria, including being ‘freely usable,’ or convertible – seen as a key obstacle for the yuan, also known as the renminbi.”

http://www.reuters.com/article/2015/04/16/imf-g20-china-idUSL2N0XD1LI20150416

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