19 May 2011 07:11 EDT
BRUSSELS (Dow Jones)--Adding China's renminbi to the currencies included in the International Monetary Fund's Special Drawing Rights is a complicated decision, given its relation to the U.S. dollar, the Deputy Governor of the Czech Central Bank said Thursday.
"It doesn't make much sense to include yet another U.S. dollar in another form, the question is whether Europe wants to make any concessions in extending the SDR basket," Mojmir Hampl said in a panel discussion here, adding that the currency itself would change if China altered its exchange rate policy.
"The renminbi will be a different currency to what it is now, but maybe this should be the goal."
SDRs are the supplementary reserves of foreign-exchange assets held by the IMF.
-By Frances Robinson, Dow Jones Newswires; +32 2 741 1486; frances.robinson@dowjones.com
(END) Dow Jones Newswires