RMB inclusion in the SDR Basket

The latest round of five-year review of the currencies of the SDR basket decided to include Chinese renminbi (RMB) in the SDR basket. Effective October 1, 2016 the Chinese RMB, will be a part of the basket in addition to the current SDR basket currencies which consist of the U.S. dollar, euro, Japanese yen, and British pound sterling.

As a result, the RMB is a freely usable currency as set forth in the Articles of Agreement. This means that the RMB will play a more central role in the financial operations of the IMF. For example, members borrowing from the Fund can receive disbursements and make repayments in RMB. The inclusion of the RMB into the SDR basket also means that a RMB instrument will be included in the calculation of the SDR interest rate.

 New vs. Old Weights

 

2016 Basket

2010 Basket

USD

41.73

41.9

EUR

30.93

37.4

JPY

8.33

9.4

GBP

8.09

11.3

RMB

10.92

 


Metadata

  1. RMB inclusion in the SDR Basket
  2. Why Fund Accounts, International Liquidity, and Central Bank data recently changed?
  3. What is the meaning of negative data in the Coordinated Direct Investment Survey (CDIS)?
  4. Are Coordinated Direct Investment Survey (CDIS) data stock or flow?
  5. What does the symbol "C" mean in the Coordinated Direct Investment Survey (CDIS) database?
  6. Why are Coordinated Portfolio Investment (CPIS) data collected from the asset side, and what does “derived liabilities” mean?
  7. Which countries comprise “Export Earnings: Fuel” and “Export Earnings: Non-Fuel” in the Direction of Trade Statistics (DOTS)?
  8. Are foreign direct investment positions included in the Coordinated Portfolio Investment Survey (CPIS) database?
  9. Are loans included in the Coordinated Portfolio Investment Survey (CPIS) database?
  10. Are reserve assets included in the Coordinated Portfolio Investment Survey (CPIS) database and how?
  11. How often is the base year of all indices in the International Financial Statistics (IFS) updated?
  12. What does central government consolidation and general government consolidation in Government Finance Statistics (GFS) mean?
  13. Is there a list of the Currency Composition of Official Foreign Exchange Reserves (COFER) data reporters?
  14. Are exports in the Balance of Payments and International Investment Position Statistics (BOP/IIP) database recorded on an FOB or CIF basis?
  15. Why are there no metadata for a reporting country?
  16. What is the source of the reported FAS data?
  17. Where can I find metadata information regarding a FAS reporting country?
  18. Where can I find a glossary for the Government Finance Statistics (GFS) database?
  19. In DOTS, are bilateral trade data seasonally adjusted?

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