Latest IMF data: RMB accounts for a new high proportion of global external reserves

category:Finance
 Latest IMF data: RMB accounts for a new high proportion of global external reserves


Global foreign exchange reserves are different monetary assets held by central banks. They can prepare for investment and transactions, pay international debts, and use foreign exchange reserves to support their currencies. At present, 149 countries and regions voluntarily report the composition of official foreign exchange reserve currencies to the IMF. The IMF separately lists the total amount of foreign exchange reserves held by its members in eight currencies: US dollar, euro, British pound, Japanese yen, Swiss franc, Australian dollar, Canadian dollar and RMB. In October 2016, the IMF included the RMB in the SDR basket, marking that the RMB officially became the global reserve currency. Since then, the proportion of RMB in the world s foreign reserves has increased.

(Washington, January 4)

Source: Peoples daily editor in charge: Yang Zeyu ufe63 nf6036