IMF Pushes China to Disclose More Currency Data, WSJ Reports
- Derivatives figures may shed light on currency intervention
- China has committed to adhere to IMF statistical standards
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The International Monetary Fund is pushing China to disclose data on holdings of derivatives that could shed light on more-opaque methods of intervention in the yuan’s exchange rate, the Wall Street Journal reported on Monday.
The Washington-based lender is seeking data on the People’s Bank of China’s total holdings of forwards and futures, a step that would be in line with the nation’s pledge last year to adhere to certain IMF disclosure standards amid efforts to win reserve-currency status for the yuan at the fund, the Journal said, citing unidentified people familiar with the matter.