• NUS ISAS
    • Print

    ISAS Briefs

    Quick analytical responses to occurrences in South Asia

    392: The RMB’s Credentials for Global Currency Status

    Shahid Javed Burki, Visiting Senior Research Fellow at ISAS

    2 October 2015

    The reforms that China has announced in September 2015, following the devaluation of its currency a month earlier, may strengthen the case for the inclusion of the Renminbi (RMB) in the basket of currencies that the International Monetary Fund uses for its calculation of Special Drawing Rights or ‘virtual currency’.