IMF extends SDR update as eyes inclusion of China's yuan

The IMF said Wednesday that it had extended by nine months the scheduled revision of its elite currencies basket, giving more time for adjustment to the potential inclusion of China's yuan. The move prolongs from year-end until September 30, 2016, the official update of the "special drawing rights" (SDR) basket, which takes place only every five years. The review would adjust the weightings of the four powerful currencies involved -- the dollar, yen, euro and pound -- but this time also could me