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Seven things you need to know about yuan's inclusion in SDR basket

(chinadaily.com.cn) Updated: 2016-10-10 07:08

When did the IMF decide on the inclusion of RMB in the SDR basket?

Seven things you need to know about yuan's inclusion in SDR basket

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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