2015-11-20reuters.com

Two people familiar with IMF deliberations said policymakers were considering changing the way the weights of currencies in the basket are calculated to make export volumes less important and financial flows more important.

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IMF staff calculated in July the yuan could have a weighting of about 14 to 16 percent and HSBC estimated it would have about 14 percent under the current formula.

One person briefed on the IMF discussions said those estimates were "too high" and a second person, an official of a major Asian country who saw a report from IMF staff to the executive board, suggested the weighting may be closer to 10 percent. "It's barely a two-digit rate, just the minimum (rate to be a double-digit one)," the official said.



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