By Denny Gulino
WASHINGTON (MNI) - A senior U.S. Treasury official, previewing Treasury
Secretary Jack Lew's trip to Beijing Monday, late Friday said it's "too early"
to address China's renewed push to get the country's currency included in the
IMF's basket composing special drawing rights.
"There are still strong reasons to believe that further appreciation in the
Chinese currency is consistent with a more balanced global economy and also with
the priority the Chinese government has put on increasing domestic demand-driven
growth," the official said.
But on the inclusion of the yuan as one of the currencies making up the
IMF's SDR, the official said, "The reality is I think it's too early to
Any changes in the makeup of the SDR would take effect Jan.