(1) The value of the U.S. dollar in terms of the SDR is the recip rocal of the sum of the dollar values, based on market exchange rates, of specified quant ities of the first four currencies shown.

Today's announcement that the International Monetary Fund is to add the Chinese renminbi to its list of reserve currencies is a lot more significant than that slightly arcane description might suggest ...

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Climate change and poverty are among the most pressing issues of our day—and they are inextricably linked. As a poor country develops its economy, it tends to use more fossil fuels that emit more ...

LONDON, April 7 (Reuters) - The world's top finance ministers are set to back a new $650 billion allocation of the International Monetary Fund's own currency, Special Drawing Rights, to help ...