Yuan ‘deemed trustworthy’ to join the IMF's SDR – Japan’s Aso

FXStreet (Mumbai) - Addressing a news conference in Tokyo on Tuesday, Japan’s Finance Minister Taro Aso backed the case for China's yuan joining the International Monetary Fund's currency basket, although under certain conditions.

Key Quotes:

"The IMF will scrutinize whether the Chinese yuan meets the conditions for joining the currency basket,"

"It's a good thing to see an increase in the number of currencies deemed trustworthy" enough to join the IMF's Special Drawing Rights (SDR) basket.