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【财智研究】The SDR is the Catalyst for China’s Currency Internationalization

2015年12月09日 09:32

T中

What we can expect is that after the inclusion of Chinese Yuan in the SDR basket, China will move faster in financial reform

　　The SDR is the Catalyst for China’s Currency Internationalization

　　财新智库首席经济学家何帆

　　On November 30, the IMF announced its final decision to add the Renminbi (or RMB, the Yuan is the unit of account), China’s currency, to its reserve currency basket. So now that basket, the SDR (for Special Drawing Rights) includes the USD, Euro, British Pound, Japanese Yen, and the Yuan. The Yuan’s weight in the basket is 10.92%, lower than that of the USD (41.73%) and Euro (30.9%), but higher than that of the Japanese Yen (8.33%) and British Pound (8.09%). The addition of the Chinese Yuan will take effect next October.

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