Chinese FM spokesperson on IMF's lifting of RMB weighting in SDR currency basket

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Chinese FM spokesperson on IMF's lifting of RMB weighting in SDR currency basket

STORY: Chinese FM spokesperson on IMF's lifting of RMB weighting in SDR currency basket DATELINE: May 17, 2022 LENGTH: 0:01:09 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE (Chinese/English interpretation): WANG WENBIN, Chinese Foreign Ministry spokesperson STORYLINE: The International Monetary Fund's (IMF) lifting of the RMB's weighting in the SDR currency basket, will help to further enhance the Chinese RMB's status as an international reserve currency and increase the appeal of RMB assets, said a Chinese Foreign Ministry spokesperson. SOUNDBITE (Chinese/English interpretation): WANG WENBIN, Chinese Foreign Ministry spokesperson "The Executive Board of the International Monetary Fund (IMF) completed its quinquennial SDR valuation review a few days ago. The current composition was maintained with a higher weight for the Chinese renminbi. This is a high recognition from the international community of China's achievement in reform, opening-up and socioeconomic development. It will help to furt

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