Seven things you need to know about yuan's inclusion in SDR basket
(chinadaily.com.cn) Updated: 2016-10-10 07:08When did the IMF decide on the inclusion of RMB in the SDR basket?
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IMF Managing Director Christine Lagarde speaks during a news conference at the IMF headquarters in Washington, Nov 30 2015, to announce that the Chinese yuan will join a basket of the world´s leading currencies. [Photo/IC] |
The Executive Board of the IMF decided in a review on Nov 30 2015, that, effective Oct 1 2016, the Chinese RMB would be included in the SDR basket as a fifth currency, along with the US dollar, euro, Japanese yen and pound sterling.
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