The Finance Ministry said Wednesday that it will closely monitor possible effects of the Chinese currency’s inclusion in the International Monetary Fund’s reserve currency basket.
 
The ministry projected that the yuan’s ascent to the IMF’s special drawing rights currency basket will likely increase usage of the Chinese currency for international trade and financial transactions.
 
The ministry said that it will prevent an excessive increase in the volatility of the local currency as the growing influence of the Chinese currency may lead to radical changes in the won’s foreign exchange rates.