IMF: Renminbi Now ‘Fairly Valued’

China’s main goals are to give consideration to market supply and the exchange rates of basket currencies, to guide market expectations and to maintain a stable RMB exchange rate -- not to jump on the bandwagon of the “global currency war”. That bodes well for the inclusion of the RMB into the Special Drawing Rights currency basket of the IMF before the end of 2015.

Zhang Monan, Researcher, China Int'l Economic Exchanges Center via CHINA US Focus http://ift.tt/1HKQTIJ