BBG: IMF staff have recommended the yuan be included in the fund’s Special Drawing Rights reserve-currency basket, alongside the U.S. dollar, euro, pound and yen, IMF Managing Director Christine Lagarde said Friday. The staff nod makes approval by the fund’s board this month all but certain, as major IMF shareholders including the U.S. have said they will support inclusion if the yuan meets IMF criteria. [...]
The People’s Bank of China said it welcomed the IMF staff proposal. The yuan’s inclusion will make the SDR more representative and attractive, improve the international monetary system “and is a win-win result for China and the world,” the central bank said in a statement on its website. [...]
Standard Chartered Plc and AXA Investment Managers have predicted at least $1 trillion of global reserves will convert to Chinese assets if the yuan joins the IMF’s reserve basket. [...]
After meeting President Barack Obama in September at the White House, President Xi thanked the U.S. for its conditional support for the yuan joining the SDR.
Выделенное: минимум на триллион баксов амовских облигаций будет продано (проценты по баксовым облигациям вверх), и китайских куплено за юань (проценты по юаневым облигациям вниз).