Renminbi will be included in the Special Drawing Rights (SDR) basket for sure, the question is when?

Renminbi will be included in the Special Drawing Rights (SDR) basket for sure, the question is when?

With support from the US and some European countries, China will be able to put its currency, renminbi, into the SDR for almost 100% certainty, although the concerns over the central government’s heavy interventions and poor communication of reforms will remain for a long period. With these concerns, the IMF may delay the vote, which is scheduled to take place in November, to next year. Moreover, the slowdown of the Chinese economy is still affecting the world financial markets. When the market panic about the Chinese economy has not disappeared, the IMF needs to take its action more carefully in order to prevent from adding more concerns to the markets. Therefore, I think that the IMF need to reconsider when is the right time to hold the vote, which almost certainly will eventually bring RMB into the SDR basket, without making the markets more panic.