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Urgent: Britain backs RMB's inclusion into SDR basket

Xinhua, October 22, 2015 Adjust font size:

Britain supports the inclusion of the RMB, or Chinese yuan, into the International Monetary Fund's (IMF) SDR basket subject to meeting existing criteria in the IMF's upcoming review, said a China-Britain joint declaration issued here Thursday.

Both sides urge members who have yet to ratify the 2010 quota and governance reforms to do so without delay to further enhance the voice of emerging markets and developing countries, said the document.

The joint statement was signed during Chinese President Xi Jinping's state visit to Britain, the first of its kind for a Chinese head of state in a decade. Endi