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    IMF Should Punish China For Cyber-Attack on US - US Senator

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    US Senator said that The International Monetary Fund should punish China for the recent cyber-attacks that resulted in compromising personnel records of millions of US Government employees.

    NEW YORK, June 9 (Sputnik) — The International Monetary Fund (IMF) should punish China for the recent cyber-attacks that resulted in compromising personnel records of millions of US Government employees, US Senator Charles Schumer said in a statement on Tuesday.

    “It is long past time for the international community to rally together and make crystal clear to the Chinese government that if they want to be treated as a leading nation on the global stage, then they need to start acting like it,” Schumer said.

    On June 4, 2015, the US Office of Personnel Management (OPM) announced that a cybersecurity breach possibly compromised the personal data of up to 4 million current and former US federal employees.

    Media reports citing anonymous US officials said hackers based in China were behind the attack.

    China has denied past US allegations it is behind cyberattacks on the United States.

    Schumer, along with US Senator Lindsey Graham, also urged Lagarde in a letter not to allow the IMF to designate the Chinese Yuan as a reserve currency.

    “We write to express our deep concern with the IMF’s potential consideration of the Yuan for inclusion in its SDR [Special Drawing Rights] system,” the Senators told Lagarde in a letter.

    The IMF Board is expected to meet informally in the coming weeks to assess whether the IMF’s basket of emergency lending reserves that make up the Special Drawing Rights system should be adjusted to include the Yuan.


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