April 6, 2016/IMF On February 19, 2016, the Executive Board of the International Monetary Fund (IMF) reviewed the adequacy of the Fund’s precautionary balances.[1] Precautionary balances are one element of the IMF’s multi-layered framework for managing financial risks. These balances, comprising the Fund’s general and special reserves[2] and the Special […]
Tag: Special Drawing Right
IMF Says Identifies Chinese Renminbi in Currency Composition of Forex Reserve Effective October 1
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Global lender, the International Monetary Fund (IMF) said on Friday it will separately identify the renminbi (RMB) in its official foreign exchange reserves database starting October 1, 2016. “The change will be reflected in the survey for the fourth quarter of 2016 that will be […]
