China’s yuan could be included in the Bangko Sentral ng Pilipinas’ (BSP) currency reserves once its addition to the Special Drawing Rights (SDR) basket is finalized next year.
“Over time . . . you will have yuan in the basket, including [the] dollar, euro, yen and pound. Eventually the yuan will be part of active reserve management . . . we have to consider yuan in our reserve portfolio,” central bank Deputy Governor Diwa Guinigundo told reporters late Monday.
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