The International Monetary Fund signaled that China’s yuan won’t be added to the IMF’s influential basket of reserve currencies for at least a year

The fund’s executive board approved an extension of the current basket of reserve currencies included in its special drawing rights, or SDRs, to Sept. 30, 2016. The action confirms an earlier proposal for a delay in the five-year reshuffling of the basket, which doesn’t include the yuan. The board said a decision on the future basket is expected by the end of the year.

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