China’s central bank Governor Zhou Xiaochuan said the government will make efforts to expand the use of the International Monetary Fund’s basket of reserve currencies in its domestic economy.
Mr. Zhou said China will use both the U.S. dollar and the special drawing rights when reporting the country’s reserves of foreign currencies in the near future, according to transcripts of his remarks posted on the central bank’s website Friday.
The government will also consider issuing bonds denominated in SDR in China, he said at a briefing after meeting with officials of the Group of 20 major economies in Paris on Thursday.
