Source: CCTV.com

05-11-2009 14:03

A senior central bank official says China will invest in a bond denominated in Special Drawing Rights, as part of efforts to increase the resources of the International Monetary Fund.

Hu Xiaolian, a vice governor of the People's Bank of China, told a media briefing that their contributions to the IMF's fund-raising will come in the form of an SDR bond, and they are now in discussions with the IMF.

A senior central bank official says China will invest in a bond denominated in Special Drawing Rights, as part of efforts to increase the resources of the International Monetary Fund. 
A senior central bank official says China will 
invest in a bond denominated in Special Drawing 
Rights, as part of efforts to increase the 
resources of the International Monetary Fund. 

Earlier this year, the IMF proposed issuing bonds denominated in SDRs to add to the Fund's resources and minimize foreign exchange risks.

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Editor:Qin Yongjing