Every five years, the IMF updates the currency basket it uses to denominate its transactions. The SDR is used primarily in IMF operations, as well as in a small number of private and public ...

The IMF chair gave a speech at the Singapore Fintech Festival on November 14, 2018, titled “Winds of Change: The New Case for Digital Currency.” In it, Lagarde stated, “I believe we should consider ...

For the first time since 1999, a new member has joined the International Monetary Fund’s (IMF’s) list of reserve currencies. China’s yuan (RMB) is the first new currency to join the list since the ...